XTO Energy is well-positioned in the cleaner energy
Posted by: admin in Stocks Money News
Filed under: Commodities, Oil, Stocks to Buy
In this investing environment, it’s best to consider a defensive play or two, and while the oil/gas sector is not a defensive, strictly speaking, XTO Energy comes close to fitting the bill, and is worth an evaluation.
XTO Energy (NYSE: XTO) buys primarily demonstrated oil/gas properties — areas where the commodities are ‘known,’ if you will - - then produces and markets natural gas, natural gas liquids, and crude oil, primarily.
XTO owns interests in more than 18,800 wells and operates gas gathering systems in Arkansas, Oklahoma, and Texas.
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