The natural gas markets and Colorado must look pretty good long-term to Exxon, which many call the best managed energy company in the world. Exxon, which already operates in Colorado, is acquiring another natural gas company that has extensive operations here, XTO Energy Inc., Fort Worth.

XOM fell sharply yesterday while a Colorado-based natural gas stock, Berry Petroelum (BRY) and Colorado-based Whiting Petroleum (WLL) rose. Here are charts for XOM, XTO, BRY and WLL. Click on a chart for hourly, weekly and point and figure charts.

XOM’s charts have turned bearish. BRY looks moderately bullish, and WLL looks quite bullish. 

I don’t own these stocks. 

 Links:

Exxon’s move ‘good signal’ for gas firms. By Dennis Webb.

In Exxon deal, signs of a new gusher. By JAD MOUAWAD and CLIFFORD KRAUSS 

Exxon’s Natural Gas Play Fuels the Market. By Allan Robinson.

Exxon’s XTO Buy and the Future of Energy Market Consolidation. By Chad Brand.

Exxon, XTO Deal Could Boost Natural Gas. By Andrew Willis.