Scotia Waterous retained by Devon for Eastern Ohio asset sales Scotia Waterous, the oil and gas arm of Scotiabank, said it has been retained by Devon Energy (DVN) to advise and assist in the sale of the company’s Utica Shale / Point Pleasant assets in Eastern Ohio. The Utica / Point Pleasant play is currently in the early stages of appraisal and development, Scotia Waterous said, adding that well results "are promising and there is growing confidence in the prospectivity of the play given very significant leasing and drilling activity." Bids are due on March 13.Reference Link
News For DVN From The Last 14 Days
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Devon Energy poised to outperform in 2014, says RBC Capital RBC Capital believes that Devon Energy's outlook has improved as a result of its Eagleford acquisition and planned non-core asset sales. The firm thinks the company is poised to outperform in 2014 if it executes well, and keeps an Outperform rating on the stock.