Coterra Energy (CTRA) and Devon Energy (DVN) are in advanced talks about a combination and could announce a deal in the coming days, people familiar with the matter told Bloomberg’s Michelle Davis, Liana Baker and Ryan Gould. No final decision has been made about what would be one of the largest oil and gas deals in years and the timing could change or talks could fall through, the sources are said to have added.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTRA:
- Coterra, Devon Energy in advanced tie-up talks, Bloomberg reports
- Coterra Energy price target lowered to $36 from $37 at Piper Sandler
- Coterra Energy price target raised to $32 from $31 at Susquehanna
- Kimmeridge to nominate Scott Sheffield to Coterra board, WSJ says
- Coterra Energy price target lowered to $34 from $35 at Barclays