Sat, May 18, 2013, 5:31 PM EDT - U.S. Markets closed
...DVN has great financial position. i hear more about the longer term than the intermediate prospects of actually delivering on performance.i would hesitate to buy.
i agree with you. but missing by such a wide margin has damaged trust. could take another quarter to fall in love again, ya know.
Seems like market issues in Canada caused it- overall I am still long on DVN. I think their strategy for all onshore is smart.We will be using gas in cars for a long time IMHO and Mideast turmoil will remain.On the minus side, a European collapse (if it happens) will drag oil prices down in short-med term (up to 3 years)