us_xto_exxon

Exxon Mobil Corp. bid $ 30 XTO Energy in almost all the shares in the company's procurement dollars will deal with North America's rapidly growing natural gas industry, the oil giant's position at the top.
In public procurement and the world's largest business with Exxon, and a strong enough profit in North America and recent discoveries of energy is achieved because it is betting on natural gas development, the world's largest market role in expanding the field of energy.
Monday, tender, expected wave of mergers in the energy sector and cash Exxon for playing such a small player with an attractive property seized as rich companies encouraged.
,, An analyst at Oppenheimer & Co. Fadel Gheit "These deals will be more, and industry and natural gas prices to fluctuate said flexible
Energy Select Sector SPDR ETF 1.6 percent, Chesapeake Energy Corp. fell 24.70 per cent jump to $ 7, while Devon Energy Corp. rose 5.3 per cent to $ 67.33 in early trade.
About 41 billion deal about $ 10 billion in debt XTO, 11 December closing prices of both companies on the basis includes the useful.
XTO common Exxon, which is about 25 per cent on Friday's closing price of the premium represents XTO shares for each share will issue 0,7098.
Leading companies in the development of non-natural gas resources from the traditional one, such as gas, oil shale, which unexpectedly emerged as XTO's North America as a new resource is great.
"Natural gas trade Exxon on historical fluctuations. NATGAS for speed is a statement about the possibilities, and if others agree, you may see such deals, but said only time will tell," Tom Schrader, business Baltimore, MD U.S. equity capital markets in Stifel Nicholas.
United States natural gas prices, fuel pressure is in the list rose record highs, but prices have started the company in the past few weeks, where temperatures in winter to take advantage of those shares.
Exxon Mobil CEO Rex for purchase Tillerson said in a conference call the company's resource base is about 10 percent.
He said that the deal to invest in Ghana to exon did not affect the plan. For Exxon Oil giant offshore field in Jubilee had agreed to buy the stake, and one of the biggest oil finds in Africa.
Exxon's shares fell 2.5 percent to $ 71, while the New York Stock Exchange XTO shares jumped 18 percent to $ 48.95