What is the next positive trigger that might take DVN against the grain of the market to above $60-62 range ? Is it the Keystone approval ?
Or hurricane season ?
Or Syria / middle-east unrest ?
Or pick up in growth ? (which to me doesn't seem likely in the light of summer slowdown, slowing emerging markets & rising rates).
Or hotter than average summer ? or cooler than average winters ? (we didn't have any winter rally inspite of rising stock markets and a really prolonged winter).
Also, fess up who are the long term trapped bulls at much higher entry points ? I too was down from 70s, but luckily due to several repeat & rinse between 52-60, I was able to come out slightly positive so far.