https://www.reuters.com/markets/deals/how-devon-energy-missed-out-us-oil-gas-mega-deal-wave-2024-06-06/
4 replies (most recent on top)
If there’s a m&a wave with okc dispensaries within a five mile radius of the state fairgrounds, we need to be ready to pounce. That’s probably more our speed
BD and NV is a joke at Devon, better to not get involved and sc--w something up.
You would think companies would be diligent, look under the hood and see the long term perspective of Devon's acreage and pass on a takeover but... Devon never really did. Somewhere out there is a company run by a handful of su-kers more gullible than Devon. This company will rack up a debt just to have a piece of a sinking ship and the oil industry will continue it's living proof of the greater fool theory.
The question now becomes: who buys Devon or do we slowly decline to chapter 11?