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Article: Devon buys called 'brilliant'.
- Article from:
- Daily Oklahoman (Oklahoma City, OK)
- Article date:
- June 5, 2007
CopyrightCOPYRIGHT 2007 The Daily Oklahoman. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Adam Wilmoth
Jun. 5--Devon Energy Corp. chief Larry Nichols is a lot more popular on Wall Street these days.
The Oklahoma City oil and natural gas company's stock price regularly has been setting record highs for much of the past four months and the company's chairman and chief executive officer has spent an increasing amount of time speaking before analysts and investors.
Just six years ago, Nichols and his then-small oil and natural gas company lost favor with much of Wall Street when Devon announced massive purchases of Houston-based Mitchell Energy and Calgary-based Anderson Exploration. The deals worth a combined $8.1 billion were ...