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DewDiligence

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DewDiligence

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Re: DewDiligence post# 3950

Wednesday, 01/04/2012 12:30:21 AM

Wednesday, January 04, 2012 12:30:21 AM

Post# of 30493
Sinopec, DVN ink $2.2B shale deal:

http://finance.yahoo.com/news/Sinopec-Devon-2-2-billion-rb-2914628826.html?x=0

Sinopec is investing in 1.2 million acres [~1/3 of DVN’s holdings] in Devon's positions in the Tuscaloosa Marine Shale in Alabama and Mississippi, the Niobrara in Colorado, the Mississippian, the Utica Shale in Ohio, and the Michigan Basin.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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