Kimmeridge Urges Devon Energy to Accelerate Asset Sales Post-Merger
Kimmeridge, an investment firm, has called for Devon Energy to begin an accelerated program of non-core asset sales and improve capital allocation following its merger with Coterra. The letter was released ahead of Devon Energy's upcoming board meeting, and the stock rose 1.6% in early trading. The move is seen as a strategic step to enhance value for shareholders.
Tickers: $DVN
Topics: asset sales capital allocation Devon Energy Kimmeridge merger