XTO Energy (XTO)

Add a New Bulls Reason Company: XTO Energy (XTO) Current price: Headline: (100 character max) Analysis: Cancel 88% agree 9 votes   XTO's 2008 production will increase 29% with Hunt acquisition Top Contributor: Susannah Ryder | Created when NYSE:XTO was $69.77 | Edit | History Fort Worth, Texas based natural gas producer XTO announced a $4.19 billion acquisition of privately-held Hunt Petroleum, which holds over 1 trillion cubic feet of natural gas. Revenues were already on track to increase from $6 billion to $7.34bn for 2008, and estimates for 2009 were $8.8bn before this deal. With operating margins at 51% and earnings growth for 2008 already forecast to increase over 21% the stock should have appeal for energy fund managers looking for solid growth prospects. (100 character max) Cancel

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