$XTO will no longer be tracked

In the past, I have rated XTO Energy (NYSE:XTO) as a Good company. It is no surprise that Exxon Mobile (NYSE:XOM) has agreed to buy the company. XTO management has traditionally done a great job of running the company. Actually, I think XTO could have done better since my analysis back on October 20 showed that the company was worth at least $57 a share and could have broken $100 if their revenue and profitability would have continued to grow at their traditional rate.

Since this appears to be a friendly merger, it is not likely that XTO Energy will continue as an independent concern. While I will leave the posting from the past in place, I will no longer list XTO on the Watch List.

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