Devon Energy to Sell Canadian Business for $2.79 Billion

Devon Energy (DVN) signed a definitive deal to sell its Canadian business, housed under its Devon Canada unit, to Canadian Natural Resources (CNQ) for CAD3.78 billion ($2.79 billion), the companies said in separate statements issued early Wednesday. The Devon Canada assets have a total production capacity of 128,300 barrels of oil per day and aggregate proved reserves of 730 million […]