BG to Sell $5 Billion in Assets as Net Gains on LNG Demand
Plenty of reasons why the shorts should considering covering at these levels. Lots of international demand.....despite over supply here in the US. XCO could sell its assets for twice the current share price. risk at these levels is higher for the shorts. Ngas could remain depressed for the next five years but would you bet on that or the fact that the company would want to maximize shareholder value by monetizing assets.... I expect more pain in the short run but XCO is a great buyout for a multi-national.