XTO founder says he’s seen worse times in energy business
XTO founder says he’s seen worse times in energy business November 20th, 2008 NEW YORK (MarketWatch) — XTO Energy Founder and Chairman Bob Simpson said as bad as the energy business is right now with plunging prices and frozen debt markets, it was worse when fossil fuel prices bottomed in 1998. The Fort Worth, Texas natural gas producer has put together an extensive hedging strategy to protect against big price swings,he pointed out. “We’ve seen challenges before,” said Simpson. “Everyone w
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