Exco Says Now is the Time to Buy NatGas Assets, Rather Than Drill

摘要

Exco Resources took a beating from the decline in domestic natural gas prices in recent years, but the company doesn't expect the misery for natural gas producers to last much longer. Chief Executive Doug Miller said he foresees a spike in demand for US natural gas in the near future — though prices may stay put — and as a result, the company is looking to snap up as much cheap natural gas production as it can while it is still a buyer's market.