Post by
riski on Sep 23, 2022 1:02pm
XTO purchase not aging well
That didn't take long. XTO was neutral at best at higher prices, but definitely not accretive now. It would be nice to still have that cash and less debt in a freefall market.
The companies that buy at the top get hammered hard. Do you think someone would take it off our hands for 70% of what we paid? Probably not.
Comment by
iwpete on Sep 23, 2022 1:11pm
me, I think XTO was a great buy. Nat Gas is one hurricane away from making the bears look stupid when the Gulf of Mexico shuts down.