Reuters says that ECA "rose as much as 8.7 percent Monday as invesotrs bid up shares of unconventional gas producers in the wake of Exxon's $30 billion offer for XTO".
"Analysts said that the Exxon offer will boost the value of companies with shale gas assets."
"It's re-pricing unconventional gas in the United States," said Martin Molyneaux, an analyst at FirstEnergy Capital. "The largest oil company in the world thinks there's a ton of upside in unconventional gas."
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