Great story. Of course I hate bursting bubbles, but there really isn't anything here we didn't know already. All the talk of Exxon continuing are simply the opinions of different analysts, except for this part:
"Exxon will apply XTO’s "best practices" to projects in Hungary and other countries, Tillerson, 57, told investors on a Dec. 14 conference call."
Unless he told the reporters this 'off the record', this is NOT what Tillerson said. Here is what he said from the official transcript:
"The integration into ExxonMobil's global functional model will allow the rapid development and deployment of technologies and operating practices globally to maximize resource value"
He DID NOT mention Hungary in particular.
Personally, I think they will continue with phase 2, but we won't know for sure until the end of February.
And as for what Schultz said:
"If they were going to walk away from this, they wouldn’t be buying XTO"
They still have Germany and Poland. Hungary is only a part of Exxon's international portfolio.
