Devon Energy: Take the Long Trade While the Merger and Middle East Shockwaves Lift the Tape
Devon Energy (DVN) sits at the intersection of two potent drivers: a transformative $58B merger with Coterra that promises $1B of synergies and shareholder returns, and geopolitical disruption in the Strait of Hormuz that has pushed crude toward $100/bbl. The combination improves scale in the Delaware Basin, strengthens free cash flow and sharehold…