Dec 14 2009
Devon Energy (DVN) – Oil & Gas Merger Play
The Deal: ExxonMobil buys XTO
ExxonMobil buys XTO reaffirming that natural gas is at a low right now. What is the next big target? I say it is Devon Energy. Devon sold off their international assets and is a very good pure North American play. ExxonMobil is strong globally, but doesn’t have as much presence [...]
