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By Jason Stipp | 12-18-2009 02:52 PM

Greek Gods, Natural Gas, Browsers, and Bernanke

Morningstar markets editor Jeremy Glaser on Exxon-XTO, a Big Fat Greek Deficit, Microsoft's EU settlement, and the Fed's familiar refrain.

Jason Stipp: I'm Jason Stipp for Morningstar, and welcome to the Friday Five. This is our look back at five important headlines for investors. Here with me as always is Morningstar Markets editor Jeremy Glaser, and he's got the five. Jeremy, thanks for joining me.

Glaser: Good to be here, Jason.

Stipp: So what do we have this week?

Glaser: ExxonMobil made a big deal. Citi was not quite able to get out of the government's thumb. Greece continues to have some problems. Microsoft gets itself out of trouble, while Intel finds itself in some trouble. And finally, the Federal Reserve makes an interest rate decision.

Stipp: All right. Well, let's start with the big deal earlier this week, ExxonMobil and XTO. What do you see coming out of that?

Glaser: Yeah, it is the $41 billion gorilla in the room this week, that ExxonMobil makes this huge deal to get into the unconventional natural gas space. What they're really doing is building a platform so that they can roll up all of these other unconventional natural gas plays.

XTO has a great management team doing that. ExxonMobil has the balance sheet to support it. I think it is going to be a pretty good deal for ExxonMobil shareholders. Our analysts think the shares of ExxonMobil are pretty cheap. It just hit 5 stars. It could be a good deal for investors.

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