EXCO Resources Director Continues Stock Buying Spree

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Last month MDN told you about EXCO Resource board member John Wilder and his stock buying bender–snapping up large amounts of EXCO stock, which is very cheap right now at $1.08 per share (see EXCO Board Member Goes on Company Stock Buying Bender). A sharp MDN reader pointed out that Wilder, who is Executive Chairman of Bluescape Resources, which essentially runs EXCO, is contractually obligated to buy $40 million worth of EXCO stock within a year after the deal they closed with EXCO. So it’s no surprise that Wilder continues to buy EXCO stock at a brisk pace. The latest round came last week when he grabbed another 540,000 shares for $685,800…

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