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What: Shares of EXCO Resources
So what: Cheniere Energy
Now what: The connection is weak at best because there’s no indication that BG’s own natural gas will have any sort of priority. The best that EXCO can hope for from this deal is that natural gas prices will go up in the U.S. and it can benefit that way.
I’m selling this move and think the excitement will wear off pretty quickly.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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