Post by
retiredcf on Feb 11, 2024 10:16am
Other Potential Suitors
Devon Energy's rivals have made deals and it would be a relatively easy bite for DVN to purchase Enerplus. There would be some operational and regional synergies, but most savings would come from reduction in corporate costs, probably in the range of $100M or so. DVN likely would want Bakken shale (North Dakota) exposure and its Marcellus exposure in Pennslyvania. There is not an official deal here, just a rumour reported by Reuters. Chesapeake Energy Corporation (CHK) or EOG Resources (EOG) probably would want to sniff around if ERF came into play. (5iResearch)
Comment by
matt2018 on Feb 12, 2024 2:05pm
good point retiredcf..... if Devon wants to keep the other potential suitors on the sidelines, then they need to start with an offer of $25.00 CDN per share, in my opinion. Combo of cash & Devon shares would work for me.