ConocoPhillips (COP.N: Quote, Profile, Research), which made billions of dollars by betting on the golden profits of the U.S. refining industry, is now making a big gamble on the future of natural gas. The Houston-based oil major is in advanced talks to buy gas and oil producer Burlington Resources Inc. (BR.N: Quote, Profile, Research) for more than $30 billion, a deal that would catapult it to being the largest gas producer in North America, sources familiar with the situation said on Monday...
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