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Devon seeks Canada exit via strategic alternatives process
Devon Energy is seeking strategic alternatives for its Canadian assets, including a sale or spin-off. The company retained JP Morgan Securities and Goldman Sachs to assist with the process, which is expected to be completed by year-end. Devon concurrently launched a strategic alternatives process for its Barnett shale assets in north Texas as it transitions to an exclusively US-focused company.The Canadian assets are comprised of thermal heavy oil operations in the Athabasca oil sands......
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