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Devon Energy Ceo Rick Muncrief Breaks Down The 1 8 Billion Deal For Validus Energy

devon energy ceo rick muncrief breaks down The 1
devon energy ceo rick muncrief breaks down The 1

Devon Energy Ceo Rick Muncrief Breaks Down The 1 Opinions expressed by Forbes Contributors are their own Investment manager, former staffer at Forbes and Wall Street Journal The CEO of Devon Energy (DVN), Richard Muncrief, made two purchases Devon Energy The company's energy portfolio is also globally diversified And it happens to be one of the largest energy companies on the planet with a $260 billion market cap

February 27 2023 rick muncrief devon energy Economic Club Of Oklahoma
February 27 2023 rick muncrief devon energy Economic Club Of Oklahoma

February 27 2023 Rick Muncrief Devon Energy Economic Club Of Oklahoma In a call with industry analysts in November, Devon Energy CEO Rick Muncrief noted that oil production The company expects to retire $1 billion worth of debt over the next two years In the second quarter of 2023 Devon Energy agreed to buy the Williston Basin business of Grayson Mill Energy The deal is valued at $5 billion on the low end and $155 on the high end In that case, Devon's mix of very high cash-flow generation, strategic acquisition of Grayson Mill Energy's Williston basin (Bakken) business for $5 billion FCF yield of 86% at a price During this period, the Zacks Oil and Gas - Exploration and Production - United States industry, which Devon Energy falls in, has lost 12% The key question now is: What could be the stock's

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