EXCO Resources Inc. (XCO) announced Tuesday morning that it reached a definitive agreement with BG Group plc for the joint development and operation of EXCO's Haynesville shale and certain other related natural gas assets located in East Texas and North Louisiana.
EXCO Resources Inc. gapped up sharply this morning and has continued to rise on above average volume. Shares are now up 2.00 at $13.12 and has climbed to a 2-week high. The stock has also re-crossed its 50-day moving average.
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