"Devon's success has led to an overabundance of opportunities, and this repositioning will allow us to optimize value for our shareholders," said
"Following the divestitures, Devon will be uniquely positioned to deliver high organic growth on a sustainable basis, funded entirely with internally generated funds. Furthermore, we expect Devon to emerge with an even stronger balance sheet and one of the lowest overall cost structures in our peer group," added Nichols.
Devon then becomes a North American pure play onshore company--something Wall Street will understand.
This news has to be good for the stock