Activist hedge fund Toms Capital has urged Devon Energy to review strategic alternatives, including a sale, saying the Houston-based oil and gas company’s portfolio may be too complex after its merger with Coterra Energy.

Sep 23, 2026 - 09:55

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Activist hedge fund Toms Capital has urged Devon Energy to review strategic alternatives, including a sale, saying the Houston-based oil and gas company’s portfolio may be too complex after its merger with Coterra Energy.

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