Devon Energy and Coterra Energy have successfully completed their all-stock merger, creating a premier large-cap shale operator. Under the merger agreement, each Coterra share converts to 0.70 Devon shares. The combined company will operate as Devon Energy, headquartered in Houston, with an expected $1 billion in annual pre-tax synergies by year-...

Devon Energy and Coterra Energy shareholders have approved their all-stock merger with overwhelming support. Devon shareholders voted 98% in favor while Coterra shareholders voted 99% in favor. The merger is expected to close on or around May 7, 2026, with Coterra shareholders receiving 0.70 Devon shares per Coterra share. The combined company wi...

Large-cap stocks experienced broad selling pressure during the week of April 13-17, 2026, with ten major companies declining significantly. Venture Global fell 14.09% following a JP Morgan downgrade, Alcoa dropped 10.23% on weak Q1 results and asset sale news, and LyondellBasell slumped 13.93%. Other notable decliners included Dow Inc. (11.08%), ...

Following Iran's agreement to open the Strait of Hormuz and cease using it as a weapon, markets surged to historic records. Oil prices plunged 15% to $80/barrel, the S&P 500 crossed 7,100 for the first time, and the Nasdaq 100 extended a 13-day winning streak. Energy stocks fell sharply while growth and crypto stocks rallied strongly on reduced i...

Seven major energy stocks are trading at historically low valuations (7x-11x forward P/E) despite oil prices above $90/barrel due to the Strait of Hormuz crisis. The sector has underperformed crude oil gains, creating a potential opportunity if the supply disruption persists, though risks remain if a ceasefire rapidly brings prices back down to $...