May. 29 at 8:54 PM
$DVN just got a game-changing offer —
$8B for its Marcellus shale assets.
Stone Ridge Asset Management is buying the Pennsylvania gas acreage Devon inherited from Coterra. That’s huge — this kind of deal can clean up the balance sheet and refocus
$DVN on its core oil plays.
Big catalysts here: asset monetization at this scale often leads to buybacks or debt paydown. Could be a near-term pop if the market reacts.
Follow me 👉@ChipDistribution7 for real-time updates and everything. Let’s make moves!