Here's Why Shares of Devon Energy Surged on Monday
Shares of Devon Energy jumped during the trading session on Monday after the company announces its plan to sell assets.
Devon Energy (DVN) - Get Report is selling properties in Texas and Oklahoma, with hopes to close the sales in the third-quarter. The largest transaction in the sale is for the assets in east Texas which are worth about $525 million. Devon will use the funds to pay down its debt and boost growth. Real Money's Daniel Dicker believes Devon is 'finally acting like the kind of energy company that is worthy of your investment dollar.'
This article was written by a staff member of TheStreet.
