NYSE:DVNOil and Gas
Potential US$8b Marcellus Sale May Recast Devon Energy’s Valuation Story
Devon Energy (NYSE:DVN) has reportedly received a nearly $8b offer from Stone Ridge Asset Management for its Marcellus shale assets in Pennsylvania.
The potential deal follows Devon's recently announced $58b merger with Coterra and highlights active portfolio moves around the combined asset base.
If completed, the transaction would focus directly on the company's natural gas footprint and capital allocation priorities after the merger.
For investors watching NYSE:DVN at a current share...