Feb. 1 at 1:11 PM
$DVN Could it be tomorrow??? Reuters and Bloomberg report the companies are in advanced merger talks, with a formal agreement expected within days.
The deal would be the largest U.S. shale mergers in years, valued between
$47B and
$60B. Both companies hold large, adjacent positions in the Delaware Basin, making the merger operationally attractive.
Industry consolidation is accelerating. all credible reporting indicates the deal is in the final negotiation stage and could be announced any day now.
Analysts currently expect only limited immediate volatility. Over an 18‑month horizon, the consensus view from recent analyst commentary suggests DVN could trade moderately higher if the merger delivers the expected cost synergies and scale advantages. The combined company would control 746,000 Permian Basin acres, enabling major operational cost cuts. The merger would create one of the largest independent shale producers, improving scale and efficiency.
