This $58 Billion Merger Is Creating a New U.S. Oil and Gas Giant

This $58 Billion Merger Is Creating a New U.S. Oil and Gas Giant

Key PointsCoterra shareholders will get 0.7 shares of Devon for every Coterra share they own.The combined entity will be able to produce 1.6 million barrels of oil per day from its extensive U.S. shale assets.10 stocks we like better than Devon Energy › Devon Energy (NYSE: DVN) shareholders will end up owning 54% of the overall company after its merger with Coterra Energy (NYSE: CTRA) is completed. While this is being billed as a merger, it is r…