WPX News and Press, WPX Energy Inc. From 09/28/20

Devon Energy (DVN) +8.7% and WPX Energy (WPX) +13.7% pre-market after confirming their merger, creating an entity with a combined ~$12B enterprise value.Under the deal terms, WPX shareholders will receive a fixed exchange ratio of 0.5165 shares of DVN common stock for each WPX commo...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Global markets churn higher on China economic data, M&A buzzGlobal markets are higher after positive data over the weekend on China industrial profit t...

Creating a Leading Energy Company Focused on Generating Free Cash Flow and Return of Capital to Shareholders Merger of equals creates a leading unconventional oil producer in the U.S. Builds a dominant Delaware Basin acreage position totaling 400,000 net acres All-stoc...

Devon Energy (DVN) is in talks to acquire WPX Energy (WPX) in an all-stock deal that could be completed as soon as this week, WSJ reports.The proposed merger would create an entity with a combined current market value of ~$6B; Devon itself was worth more than $50B at its peak value in 2008.Bo...

Following a week where oil-focused names followed crude prices lower, Wells Fargo is plumbing for tickers of interest with the investment case in exploration and production "incrementally positive." "With the impacts of Shale Wars 2.0 and COVID-19 having negatively impacted the energy sector ...

The Fed Reserve Bank of Dallas surveys nearly two hundred E&Ps quarterly, offering a pulse on the industry thought process. This quarter, the survey included a special section that included some questions relevant to investors in this space. One of the answers might surprise y...

Introduction On a rainy day, a few weeks back, I did some ruminating on the macro factors behind the extended price distress in oil that's been in force for the last half-decade. The objective of this investigation was to look for indicators that might suggest the start of an extended upturn...

WPX Energy ( WPX ), just like many other oil and gas E&P (exploration and production) firms operating in the US, has had to remain diligent throughout 2020. Between the COVID-19 pandemic and uncertainty surrounding OPEC and its non-OPEC allies adhering to production cuts, the company has...

Introduction So who doesn't love sports and sports metaphors? My wife, for one. She's accused me of serial sports metaphorization . Coming from her, that wasn't a compliment, and pretty much means I speak mostly in metaphorical terms. I'll let you decide for yourself. She probably has a...

Energy Transfer ( ET +3.8% ) spikes near the close after the D.C. Circuit Court of Appeals stays the lower court injunction that had ordered the shutdown of the Dakota Access oil pipeline. More news on: Energy Transfer LP, Phillips 66 Partners LP, MPLX LP, Energy stocks news, Stocks on...