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Oil-levered players Devon Energy and Anadarko Petroleum were among the biggest losers, while Southwestern Energy led the charge south for winter as natural gas prices also took a beating Monday.
Top Wall Street analysts expect U.S. oil and gas exploration and production stocks to do well in the first half of 2017 as drilling programs ramp and oil prices rise.
The major oil producer will bolster its already substantial holdings in the U.S.' most prolific oil play for $2.43 billion.