Pat Naccarato
XTO Energy Inc.
XTO-N
WATCH
Sep 10, 2008
Favourably inclined towards natural gas and is starting to look at this area. This stock is one that fits his initial starting point. They've taken advantage of buying assets from big integrated oil companies and being able to expropriate these fields in a greater way. Wait for natural gas to rebound.
Land locked gas, mostly in Texas and weather is not going to be a problem. Have a lot of gas reserves, so not much R&D required. Under $40, the stock is pretty cheap. Use as a trade and take 10/15% moves over the next several months.