Devon Energy Unveils Its Repositioning Plans

摘要

Devon Energy Corporation plans to reposition itself as a high-growth North American onshore company by divesting its Gulf of Mexico and international assets, the company reports. In addition, Devon says it plans to direct proceeds to its high-return U.S. and Canadian onshore portfolio and retire its debt load.rn"Devon's success has led to an overabundance of opportunities, and this repositioning will allow us to optimize value for our shareholders," holds J. Larry Nichols, chairman and chief executive officer. "We do not believe that the value of our high-quality Gulf and international assets is being adequately reflected in our stock price. By monetizingrnthese assets, we will realize their full value, allowing us to unleash the growth potential that resides within our world-class onshore assets."rnFollowing the divestitures, Nichols says Devon will be uniquely positioned to deliver sustainable organic growth, funded entirely with internally generated funds.