WCP valueHave to say, I am impartial to the XTO deal - I like the growth option - the trouble is the timing. Purchase completed at a point where oil is at it's mx - since then down it's down $15-20/barrel.
It could have waited until the price of oil was at least stable.
My concern now is where do we go?
I cannot believe we are going to continue to drop the cost of a barrel. O&G stocks across the board are flailing even now on oil that sits in the mid 90s...
Not much makes sense in the market these days. Too much big investor influence amplified by too much media (legacy and social).