Devon Energy’s $2.6 billion shale deal puts stock to the test before Tuesday

Devon Energy heads into the long U.S. market weekend after a week that saw shares slump, despite a modest gain Friday. Investors weighed the company’s $2.6 billion deal for more Delaware Basin acreage. Devon finished Friday at $47.22, up 0.23% on the session, but off roughly 4.6% from last week’s close.

Coterra Energy Stock Is Gone. Devon’s $58 Billion Shale Deal Now Faces Its First Test

Coterra Energy Stock Is Gone. Devon’s $58 Billion Shale Deal Now Faces Its First Test

Coterra Energy Inc. moved closer to vanishing from public view, filing post-effective amendments with the U.S. Securities and Exchange Commission on May 11 to wipe out unsold or unissued securities tied to legacy registration statements after the company’s all-stock merger with Devon Energy Corp. wrapped up. By deregistering, Coterra is scrubbing from the SEC’s rolls any securities it doesn’t plan to issue.
Natural gas prices swing again after Winter Storm Fern — Henry Hub traders eye Thursday storage data

Natural gas prices swing again after Winter Storm Fern — Henry Hub traders eye Thursday storage data

U.S. natural gas futures slipped Tuesday following a recent surge to multi-year peaks fueled by storm concerns. The February Henry Hub contract dropped 18.4 cents, or 2.7%, to $6.62 per million British thermal units in afternoon trading. With the contract set to expire Wednesday, even small changes in forecasts sparked sharp price moves.
UNG sinks as U.S. natural gas hits fresh low; what to watch before Monday

UNG sinks as U.S. natural gas hits fresh low; what to watch before Monday

The United States Natural Gas Fund slid 7.7% on Friday, closing at $10.40, mirroring a steep decline in front-month NYMEX natural gas prices, which dipped to about $3.141 per million British thermal units, reaching a low of $3.131 during the session. Leveraged ProShares ETFs showed bigger moves: BOIL dropped 13.6%, while its inverse counterpart KOLD jumped 13.9%. Gas producers EQT and Coterra both slipped roughly 2%.

US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong Buy

NVIDIA

94/100
#2 Strong Buy

Meta Platforms

89/100
#3 Buy

Alphabet

87/100
#4 Buy

Amazon

84/100
#5 Selective Buy

Microsoft

80/100
View full portfolio
Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

View full calendar
Times and estimates may change. Verify before trading.