Jul. 26 at 2:10 PM
$DVN is becoming interesting ahead of its August 4 earnings report. The key story is a report that Devon may sell its Eagle Ford and Powder River assets for more than
$4 billion. Nothing has been officially confirmed, but a deal could accelerate debt reduction and sharpen the company’s focus on the Permian Basin.
Following the Coterra merger, Devon is targeting 1.38 million boe per day,
$1.25 billion of debt repayment in 2026 and eventually
$1 billion in annual synergies. Management now has to prove that a larger Devon can also become a more efficient Devon.
I’m also watching
$COP as a sector peer and valuation benchmark. Oil and natural-gas prices remain major drivers for both stocks.
Not financial advice. Do your own research.
