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Monday, January 05, 2009 12:49:02 PM
Heavy construction isn't the only industry placing bets on the new administration. Investors in XTO Energy are hoping that Obama's acceptance-speech pledge to tap the country's natural gas reserves will serve as a boon to the industry. CAPS All-Star anasr thinks the stock will initially walk in lockstep with oil, but that both will ultimately experience a strong upward surge:
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
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