$41.31
-0.98 (-2.32%)
XTO Energy, Inc. (XTO)
CAPS Rating:
The Company is engaged in the acquisition, development, exploitation and exploration of producing oil and gas properties and in the production, processing, marketing and transportation of oil and natural gas.
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XTO Energy will benefit from the current strong preference for natural gas as a partial substitute to oil. Natural gas is cleaner and cheaper than oil and the US is said to be ‘floating’ on that fuel. Besides, US President-elect has made it clear that he has a preference for natural gas. XTO is therefore one of a category of stocks that will benefit from the inevitable global veering toward natural gas. I expect XTO will move in lockstep with oil prices when these resume their ascending trend. XTO is a buy for the medium and long term. Buy it on a dip and don't day-trade it unless it surges by, say, 20 percent in a single day.