Wolfe Research Downgrades Devon Energy (DVN) to Peerperform
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Devon Energy Corporation Prices Upsized Offering of Common Stock
February 17, 2016 9:05 PM ESTOKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corporation (NYSE: DVN) ("Devon" or the "Company") announced today that it has priced an upsized public offering of 69,000,000 shares of its common stock at a price to the public of $18.75 per share. Net proceeds from the offering are expected to be used for general corporate purposes, including bolstering the Companys liquidity position, reducing indebtedness and funding the Companys capital program. The Company has also granted the underwriters an option to purchase up to an additional 10,350,000 shares of its common stock at the underwriters election. The... More
Devon Energy Corporation Announces Offering of Common Stock
February 17, 2016 4:08 PM ESTOKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corporation (NYSE: DVN) ("Devon" or the "Company") announced today that it intends to commence a registered public offering of 55,000,000 shares of its common stock, subject to market conditions. The Company also expects to grant the underwriters an option to purchase up to 8,250,000 additional shares of stock at the underwriters election. Net proceeds from the offering are expected to be used for general corporate purposes, including bolstering the Companys liquidity position, reducing indebtedness and funding the Companys capital program.
Goldman, Sachs & Co. is acting as book-running manager... More
Devon Energy Reports Fourth-Quarter and Full-Year 2015 Results; Provides 2016 Capital and Production Outlook
February 16, 2016 4:15 PM ESTDelivered oil production growth of 26 percent from year-ago quarter Reduced field-level costs by nearly $400 million in 2015 Maintained significant financial flexibility with nearly $4 billion of liquidity Decreased 2016 E&P capital spending outlook by 75 percent Reduced operating and G&A expense outlook by $800 million annually Adjusted quarterly dividend to improve cash flow by $320 million annually
OKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corp. (NYSE: DVN) today announced... More
