EXCO Resources Shares Unaffected Following News of Up to $224.98M Shelf Offering, Details of 2014 Capital Budget, Expecting FY14 Adj. EBITDA $400-425M
December 17, 2013 at 07:33 AM EST
EXCO Resources, Inc. (NYSE: XCO ) previously announced a 2014 capital budget of up to $368 million. The $368 million capital budget, which was approved by our Board of Directors, includes $294 million allocated to development and completion activities. We believe the capital budget is appropriate for current commodity