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Re: ECole post# 116

Monday, 12/02/2013 1:55:08 AM

Monday, December 02, 2013 1:55:08 AM

Post# of 333
Eagle Ford oil growth comes at a price...

DVN announced an agreement to acquire GeoSouthern’s Eagle Ford assets for US$6bn in cash. I view this as incremental rather than transformational.

I think this transaction provides DVN with much-needed oil-weighted development inventory, although I think DVN paid full value.

Purely my own opinion. Do your Due Diligence.
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