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Stock impact report

Devon Energy: Merger Deal, Iran War, Price Tailwinds [Seeking Alpha]

Devon Energy Corporation (DVN) 
Last devon energy corporation earnings: 2/18 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
DVN's all-stock merger with Coterra Energy creates a diversified, larger-scale producer targeting $1.0B in annualized cost savings by FY 2027. DVN trades at a forward P/E of 12.2X, below the industry average, offering valuation upside amid robust production growth and merger synergies. I maintain a bullish outlook on DVN for energy-oriented growth investors, supported by cheap valuation, production growth, and merger-driven cash flow upside. Torsten Asmus/iStock via Getty Images Devon Energy ( DVN ) is going to be a major beneficiary, like so many other oil and gas companies, from surging petroleum prices following America's and Israel's attacks on Iranian military installations, starting at the end of February. Although This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of DVN, COP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receivi Show less Read more
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