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Stock impact report

Devon Energy Makes A Huge Decision [Seeking Alpha]

Devon Energy Corporation (DVN) 
Last devon energy corporation earnings: 2/18 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
Devon Energy Makes A Huge Decision Summary Devon Energy Corporation plans to divest its Barnett shale assets in Texas and oil sands operations up in Alberta. Why this decision makes perfect sense and is arguably long overdue. Covering what Devon Energy Corporation is selling off. In conjunction with its fourth-quarter earnings release DVN At the top of its press release “Devon… today announced that the board of directors has authorized the company to pursue the separation of its Canadian and Barnett Shale assets to complete its transformation to a high-return U.S. oil growth business. Devon will evaluate multiple methods of separating the assets, including a potential sale or spin-off. The separation will allow the company to focus on its top-tier, high-return U.S. oil assets and is aligned with Devon’s previously announced long-term strategic plan.” End of an era Devon Energy plans to divest these assets by the end of 2019. Since buying Mitchell Energy in 2001 major It's important t Show less Read more
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