EXCO Resources Suspends Dividend Payments to Shareholders

It’s never a good thing when a publicly traded company suspends dividend payments. EXCO Resources, an oil and natural gas driller with operations in Texas, Louisiana and a small drilling operation in the Pennsylvania Marcellus, announced on Monday that because the price of oil has gone so low, they’ve suspended dividend payments to shareholders. One more case of how low oil prices can and does affect drilling for natural gas in the northeast…

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