LAST YEAR BEFORE NATURAL GAS JUST FLAT-OUT PLUNGED, THE HUNT BROTHERS SOLD OUT THEIR FAMILY BUSINESS TO XTO WHO HAD TO BORROW TO BUY THE COMPANY.
THE HUNT BROTHERS WERE THE SMART MONEY. XTO STILL HASN'T HIT ITS ALL TIME HIGH AS NATURAL GAS IS LOW.
EXXON ISN'T WAITING. IT BOUGHT XTO, NOT AN ALTERNATIVE ENERGY COMPANY, IN EXPECTATIONS OF PROFITS IN THE NATURAL GAS SECTOR.
EXXON IS SMART MONEY. THEY BOUGHT CHEAP IN THE DEPTHS OF A NATURAL GAS GLUT.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment