Devon Energy shares trade at discounts post-merger, targeting $1B synergies and strong shareholder returns.

Devon Energy targets $2B synergies and strong cash flow post $28B Coterra deal, with 70% FCF to shareholders.

Devon Energy, now a $50 billion upstream company after acquiring Coterra for $28 billion, aims to achieve $2 billion in synergies by the end of 2027. The merger boosts production guidance to 1.4 million barrels per day and plans $4.9 billion in capit...