Investors welcomed Devon Energy Corp.’s announcement Tuesday to sell its West African oil and natural gas assets to concentrate more of its resources in North America and the deepwater Gulf of Mexico (GOM). In heavy trading, the Oklahoma City-based producer’s share price gained more than $2.15, or 3.2%, to close at $69.43 for the day.
Welcomed
Articles from Welcomed
CMS Energy Eyes Closing of Houston Trading Office
Embattled CMS Energy welcomed in the New Year with more bad news for its employees — it plans to shut down its natural gas and electricity trading operations in Houston in early 2003.
January 6, 2003
Although Slight, Futures Uptick is Welcomed By Bulls
After thrice testing, but failing to break beneath support Thursday, natural gas futures rebounded at the New York Mercantile Exchange as traders put an end to a nine-day, 70-cent price slide. The June contract received the biggest buying boost, closing 4.4 cents higher at $4.527.
May 4, 2001
Hebert Rolls Out Welcome Mat for New FERC Nominees
FERC Chairman Curt Hebert Jr. said yesterday that he has alreadywelcomed the two Commission nominees – Texas regulator Pat Wood IIIand Pennsylvania regulator Nora M. Brownell – on board, and did notappear to be overly concerned that Wood might replace him down theroad.
March 29, 2001
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