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Analysts and investors applaud Concho Resources' (CXO +3.2%) $1B buyout of Three Rivers' oil and...

Analysts and investors applaud Concho Resources' (CXO +3.2%) $1B buyout of Three Rivers' oil and natural gas assets, sending shares higher when most energy stocks (XLE -1.6%) slumped. The “price looks good any way you slice it,” Tudor Pickering Holt says; it's "a good bolt-on transaction... which will further enhance their position in the Permian," Simmons & Co. says.
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  • PalmDesertRat
    , contributor
    Comments (3345) | Send Message
     
    bot some xle today at 65.89
    15 May 2012, 09:57 AM Reply Like
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