In intraday trading today, EXCO finally broke above a buck for the first time in two months (but faded later...). The company had received notice from the New York Stock Exchange exactly a month ago that it would be delisted from the exchange if it didn't start trading above $1 within 90 days. EXCO got down in the 50 cent range before rallying to get to this point. If this progress continues and it can stay above a buck, the company may avoid having to do a dreaded reverse stock split.
Goodrich Petroleum, however, went below the buck in late July and has not yet resurfaced. This week, the company received a similar notice from the NYSE that it is in danger of being delisted. Given EXCO's progress, there is hope for Goodrich.