8-KSecurities & ListingExhibits & Filings

DEVON ENERGY CORP/DE 8-K Report, Listing Notice (Oct 1, 2004)

Filed October 1, 2004For Securities:DVN

Summary

Devon Energy Corporation (DVN) announced on October 1, 2004, a significant strategic move to transfer its common stock listing from the American Stock Exchange (AMEX) to the New York Stock Exchange (NYSE). This transfer is scheduled to be effective on October 12, 2004, following authorization by Devon's Board of Directors on September 27, 2004. The relocation to the NYSE is generally viewed as a positive development, often reflecting a company's growth, increased prestige, and broader investor appeal. Investors can anticipate a potentially enhanced trading environment and increased visibility for DVN shares.

Key Highlights

  • 1Devon Energy Corporation (DVN) is transferring its common stock listing from the AMEX to the NYSE.
  • 2The transfer of listing is effective October 12, 2004.
  • 3The decision was authorized by the Board of Directors on September 27, 2004.
  • 4This move indicates a potential step up in the company's market presence and prestige.
  • 5The NYSE is typically associated with larger, more established companies.

Frequently Asked Questions

Devon Energy's Board of Directors authorized the transfer to the NYSE, likely seeking to align with a more prestigious exchange that often provides greater visibility and potentially broader investor access. This move can be seen as a reflection of the company's growth and stature.

The transfer of Devon Energy's common stock listing to the New York Stock Exchange will be effective on October 12, 2004.

No, the transfer of listing is a change in where the stock is traded, not a change in the shares themselves. Your ownership of DVN shares will remain the same. The ticker symbol DVN is expected to remain the same, and trading will simply transition to the NYSE.

Yes, for many companies, moving to the NYSE is considered a positive development. It often signifies a company's maturity, financial strength, and appeal to a wider range of institutional investors. The NYSE typically has higher listing standards, so a move there can enhance a company's credibility and visibility.