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Devon Energy Corporation (DVN)

NYSE - Nasdaq Real Time Price. Currency in USD
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57.79+4.02 (+7.48%)
At close: 04:00PM EDT
59.19 +1.40 (+2.42%)
Pre-Market: 05:06AM EDT
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  • Z
    Zee
    It dropped over 40% in 2 weeks for no reason . Hopefully we get back to mid 70is by the next earnings. GL
  • M
    MichaelJ
    PXD) CEO Scott Sheffield says “no” to the Biden Administration request to increase oil production. The company is only going to grow at 5% and oil will stay over $100 for a long time, he told investors at JPMorgan conference last week. He said he was a firm believer that $100-$120 oil is not going to cause demand destruction, and that inventory will remain low over the next five years.
  • G
    GERRY
    Added a few shares @ $53.51 on Fridays close. Cha-ching !!!
    Bullish
  • T
    TheRealJames
    "Analysts at Bank of America laid out three scenarios for the outlook on Brent crude oil prices.

    The international oil benchmark should average $102 per barrel in 2022 and 2023, BofA said.

    But it could drop to $75 in a recession or spike to $150 if European sanctions hit Russian supplies.

    Oil prices could surge higher or plunge lower depending on what happens next in global markets, according to Bank of America."

    So basically they have no idea.
  • M
    Michael
    Do we go up more?
  • c
    cobia
    I mean come on shorts.

    10% divy
    And oil over 100
    Gas over 6.

    And those are even oversold.
  • T
    Tim Ryan
    Even after this 8% rise this and other oil stocks are a steal.
  • R
    Ryan
    Devon, the usual leader, is getting a bounce this morning. Hopefully that is a good sign for all oil stocks. $FANG $OXY $MRO $DVN
    Bullish
  • G
    Gary
    As I said the other day, buying at a 30 RSI isn't all that risky.
  • S
    Sanford
    I am a former Exploration Geologist who worked for Pennzoil back in the day, before it was taken over by Devon. My cost basis for most of my shares is $8.33 per share. I have added to my DVN holdings over the years, and appreciate where I am today: invested in a well-managed, forward-looking oil company that has rock-solid (no pun intended) foundation. Good place to be. I wish I could buy more shares right now! Buy and hold, buy and hold...especially with a good company. One cannot go wrong with that strategy.
  • G
    Gary
    Sharing a few Sat morning observations. When you get a 30% chop in 11 trading days it makes you want to do a little research, to feel secure in your decision to hold. I looked at Devon from a historical perspective going back to 2009. It appears 2010 and 2011 were the heyday for DVN earnings. At that time DVN was 43% oil vs 50% today. During that time oil was averaging approx $90 with spikes to $115. In 2012 there seemed to be a downturn in earnings but oil remained around $100. I was surprised until I looked at the price of Nat Gas. It went from an approx $4.15 average and tanked in 2012 to around $2.15. What this tells me is we tend to focus on the price of oil far too much. We also discount Nat Gas earnings and its income potential. I also noticed that a continuous Nat Gas and oil price around $4 and $90, respectively, tend to produce the highest earnings.
    Many companies were forced into these terrible hedges due to the securitization of loans. They also paid higher interest rates due to greater risks and lack of investment grade status. Hedging, although an insurance policy, prevents companies from responding to price points. Production increases and production declines are muted due to hedging. Paying off debt will prevent forced hedging to the extent we have seen. Even 50% exposure to market prices should make the industry align producton with demand. I feel this is so important because it appears price volatility is what has prevented the shale revolution from meeting expectation for investors. The commodity price for historical earnings is much lower than people realize. That is good for the industry, consumers and economy.
    Nat Gas prices have spiked in the second qtr, which will be reported on Aug 1 st. DVN could see historic earnings contributions from Nat Gas this qtr. I feel secure in my "Hold" position despite the 11 day sell off.
  • S
    Steven
    My sense outsized move higher today due to company’s share buyback program
  • T
    TheRealJames
    The momentum is changing back in our favor even after todays move. Headed back to $70 with earnings.
  • S
    Simon
    This is why smart people loaded the dip on friday
  • S
    Stockguru
    Nice day!
  • S
    Scheister
    Piper Sandler UPGRADED the stock to a BUY with a Target Price of $97
  • D
    Dave
    I am buying this hand over fist at this level - and I'm a guy that was first in in the 20's. Granted I've written call options on a portion of my holding almost every week, but still have the majority of my position. Combining the stock price appreciation, the dividend, and the call option premium, this has been my best holding over the past 12 months.

    I don't care about a downgrade from Citi........I'm gonna add more on Monday, and feel VERY confident that their next dividend will exceed $1.50. GLTA
    Bullish
  • R
    Rex
    What a beautiful entry here
    Bullish
  • R
    Ryan
    Let’s keep rolling!
  • M
    Michael
    over sold oil / energy producers have much better balance sheets than in 2008
    Bullish
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