Can Devon Build a Resilient Portfolio Through Targeted Acquisitions?

Key Takeaways DVN's acquisitions of Validus Energy and Grayson Mill expand assets in the Eagle Ford and Williston Basins. The strategy supports cash flow, capital returns and low-cost production across volatile cycles. DVN trades at 3.55X EV/EBITDA TTM, versus the industry's 11.13X, reflecting a relative discount.Devon Energy Corporation (DVN) , an oil and gas producer, has pursued a disciplined acquisition strategy to expand its asset base, boost operational scale and enhance shareholder returns. The com ...