ExxonMobil Corp., whose North American portfolio washes across eight million net acres, is scooping up more liquids-weighted land and has begun to shift some of its natural gas development to more oily plays, the company’s top guns told financial analysts on Thursday.
Scooping
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Spark Spread, Power Price Outlook Tempers Constellation’s View on Asset Acquisitions
While Constellation Energy remains interested in scooping up generation assets in deregulated markets, the company’s cautious outlook on how quickly spark spreads and power prices will rebound in the U.S. is tempering enthusiasm for power plant acquisitions, E. Follin Smith, Constellation’s chief financial officer, said last Wednesday.
September 13, 2004
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