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Troubled EXCO Delisted from NYSE Market; Begins Trading on OTC
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Exco Resources' stock is in the process of being delisted from the NYSE due to EXCO's failure to maintain an average global market capitalization over a consecutive 30 trading-day period of at least $15 million.
As a result, the company has listed its shares on the OTC markets under the symbol "XCOO".
The company hired strategic advisors to assist the company in potentially filing for bankruptcy in early November 2017. Additionally, the chairman of the company, John Wilder, announced his resignation shortly thereafter.
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