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Energy XXI (EXXI) agreed to buy nine Exxon Mobil (XOM) gas and oil fields in the shallow waters...

  • Monday, November 22, 2010, 7:39 AM ET
    Energy XXI (EXXI) agreed to buy nine Exxon Mobil (XOM) gas and oil fields in the shallow waters of the Gulf of Mexico for $1.01B, boosting its reserves and production by more than 70%. Not a bad price for a deal that nearly doubles the size of the firm.
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    They must be betting on the republican's return to power in 2012, because if Obama wins again based on past practice he work to shut them down.
    22 Nov 2010, 08:29 AM Reply Like
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