
Crescent Energy buys back assets from Devon Energy, shares drop 15%, target price $14 amid oil price and integration risks.
Crescent Energy (CRGY) plans to buy back $3.85 billion in Eagle Ford assets from Devon Energy (DVN), causing its shares to fall about 15% to $11. The deal values CRGY with upside potential if oil prices stay above $68 WTI, supported by dividend cover...

