With Oil plunging from the 140+ highs of the summer, who isn't celebrating! However this $38 level will not hold much longer. OPEC is announcing cuts in production (which is more of a threat), and now...
Shorted at $34.07 on 12/26/2008
Stop at $34.34 buy to cover good for 60 days.
Monday stock gaps up to open at $35.12.
My stop at $34.34 does not execute (it is still in my portfolio with the same...
xto is an undervalued company in this sector. with the cost of oil and gas rising, this sector will continue to make new 52 week highs. dvn releases its earning today (may 7) and should exceed expectations...
XTO has had a rapid run up in recent weeks. Look for investors to take some gains off of the table. With a PEG over 2, institutional investors may be reluctant to boost their number of shares.
Compared...
XTO Energy Inc is acquiring Linn Energy LLC-Gas Producing Assets. This will hugely affect XTO in that it will produce and distribute more natural gas and oil. More profit=higher stock. Period.