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BUSINESS BRIEFS.(TO THE POINT)
ENERGY
Devon to sell $1.2 bil in assets
Devon Energy said it expects to sell nearly all of its U.S. oil and gas properties for $1.2 bil, or about $915 mil after taxes. The independent oil and gas producer will also sell some properties in Canada. In addition, it would take a $39 mil Q1 charge tied to early settlement of oil hedges. Shares hit a record high of 50.66 before closing down slightly at 49.53.
** Petrohawk Energy will buy Mission Resources for $135 mil in cash and 19.2 mil shares. Petrohawk, which will gain oil and gas exploration projects ...
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