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Strategies & Market Trends : Value Investing

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gcrispin

To: E_K_S who wrote (52761)	11/20/2013 1:08:27 PM
From: E_K_S	1 Recommendation Read Replies (1) of 78565

Devon Energy Corporation (DVN) Devon Energy buying Eagle Ford assets for $6B Devon Energy buying some Eagle Ford assets from GeoSouthern Energy for $6 billion A quick review of the property location and an overlay to the newly acquired MLP assets, shows that this was a good strategic buy even though it represents $14.00/share or about 20% of the current market capitalization of the company. From DVN Web Site: Here are the well specifics for GeoSouthern Resources. GEOSOUTHERN ENERGY CORPORATION has maximum number of wells in DeWitt County. De Witt County, Texas has highest oil production by GEOSOUTHERN ENERGY CORPORATION over the last 20 years. Total Oil production by GEOSOUTHERN ENERGY CORPORATION in the State of Texas over the past 20 years is18,905,231 BBL . GEOSOUTHERN ENERGY CORPORATIONTEXAS PRODUCTION DETAILS (Last Two Years) Seems like a good fit for DVN. Lot's of growth potential for both new wells and expanding an integrated pipeline and gathering system. I think the value proposition just got better. EKS

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