Future of the Marcellus for EXCO Resources: Sell or Hold?

Energy analyst Richard Zeits, writing on the Seeking Alpha website, does a deep dive into exploration & production company EXCO Resources. Zeits is a master and, as usual, digs up some great insights. EXCO operates in East Texas/North Louisiana (the Haynesville Shale), South Texas (the Eagle Ford Shale), and in the Marcellus/Utica in the northeast. In fact, EXCO holds some 161,000 acres of leases in the Marcellus--a sizable chunk. What are they doing to monetize their Marcellus acreage? Zeits tells us the possibilities...

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