Big Oil Seen in ‘Race to the Altar’ After Exxon Deal (Update1)

“Exxon Mobil acquiring XTO is going to put a floor on natural-gas prices longer term,” Cournoyer said. “These guys are finally coming out and acknowledging that they need to grow their reserves longer term.”
Full article:
http://www.bloomberg.com/apps/news?pid=20602099&sid=agq6nEeqgEXU

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