Most csg/conventional gas stocks have been floundering thepast...

Most csg/conventional gas stocks have been floundering the
past 3-6 months.There has been alot of media rhetoric
regarding a global gas glut.A gas surplus of 30% globally
for this year and next has often been mentioned.Exxon's
acquisition of XTO energy in a US$31 billion dollar deal
could just be the tonic to start M&A activity in the industry.Exxon believe that gas need will increase globally
by 30% over the next 20 years.So they have put their money
where their mouth is in a huge deal.XTO is Americas biggest
producer of gas and Exxon is one of the worlds top 3 biggest companies,so this deal is very significant imo.
Gas stocks were up about 4% in US overnight.