Coterra and Devon Energy are merging to create a top-tier energy producer. * Data Center Demand: Natural Gas is the "top of the stack" for powering AI data centers because it is reliable and dispatchable (unlike wind/solar). * Scale: The combined company will have the balance sheet to be an "investment grade" supplier that tech giants require. Credit rating agencies have placed them on positive watch.
DVN
CTRA
CNBC
Feb 07, 00:44