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A trend likely to continue in the energy sector in the U.S. and Canada is producers doubling down on their core production areas, rather than seeking to diversify.
The deal ends years of speculation over who might buy Endeavor, one of the last remaining closely held, major producers in the shale-rich Permian region.
Although the company has introduced a new mechanism to boost dividends in an attempt to attract more investors and improve liquidity, it still lags peers.