Devon Energy - It's complicated (TL;DR @ end)To start off. Few people have even heard of Devon Energy unless they actively deal with commodities and the energy industry. Devon Energy Corporation ( NYSE:DVN ) is an Oklahoma based hydrocarbon exploration company that produces (primarily) natural gas and oil. Considering the company was only founded in the early 70s, they have quite the interesting market history since their IPO in 1988. They had absolutely spectacular growth prospects from around 2000 through to 2007. Unfortunately at one such spectacular peak (around 1700% gain since May 2000) the stock market crash of 2008 occurred in the fourth quarter. This threw their stock down drastically like many other companies and for another 12 years after that, they declined with 2 signs of a 'comeback' that were not exactly fruitful.
Recently, they have taken the market by absolute surprise, beating the S&P 500 by more than 150 percentage points, announcing a revision of their already generous dividends (especially in comparison to their competitors), 3rd quarter earnings and the anticipated earnings published by various analysts. Needless to mention they were 1 of 3 very popular non-tech stocks to beat the market by a considerable amount (YTD). Their 3rd quarter earnings report and their recently published sustainability report regarding their operations in the Permian Basin have instilled hope in many investors and many are anticipating a bull market despite the, already occurring strong buy indicators. Whether this may be considered another one of those fruitless 'comebacks' is very much up for debate. The increased dividend payout may just be a sign that they have altered their policies for the long-term loyal investor and future prospects may very well be extremely profitable, especially given the current market conditions and maybe the 'low'* P/E multiplier may just be a sign of future performance and inherent value too.
As usual, any other opinions, news and facts are always welcome, thank you for reading and comment away!
TL;DR: NYSE:DVN has had a confusing past but increased 3rd quarter earnings, a moderately attractive P/E ratio (YTD), future earnings from their main operations in the Permian Basin and a dividend revision may all just hint towards a better future for the company and potentially a profitable investment or it may very well turn out to be another fruitless price climb that results in another drop.
*In this case, I have used the term 'low' relative to other corporations of similar scale that deal with commodities and what PE multipliers they acquire when under a growth period.
GAS
$KOS black gold*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been covering oil stocks due to the obvious demand for the good due to Covid-19 restrictions coming to a close. Loosened restrictions will increase work and consumer travel, meanwhile tensions in the middle east just may be the catalyst of a huge spike in oil prices in the near future. $KOS is an oil company that focuses on field developments for accelerated production and depicts strong growth opportunity going forward.
My team entered $KOS on 6/16/21 at $3.28 per share. Today we're averaging up at $3.46.
We still plan to take profit at $5.00 per share, but with the way the economy is moving oil could possibly exceed analysts expectations...
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i am more bearishif we look technically it can form cup and handle
im more bearish but if price supported it can go higher
natural gasNatural Gas dropping during beginning og new week. Target should be Anchored VWAP. Coincidentally we have 3,1415 (Pi) as near target.
What speaks against?
We are on the 314.15 MA (daily) which schould be very bouncy. Tight stoploss. Even because VWAP RSI is still not in buy level
Natural Gas LONG News:
The US benchmark for the price of natural gas was in recovery mode on December 3 after falling significantly over the last four trading sessions.
The January gas delivery contract at the US Henry Hub was up 3.6% as of 12:25 GMT to trade at $4.20/mn Btu. The benchmark, however, lost 25.5% over the previous four trading sessions.
The latest natural gas weekly report from the US Energy Information Administration shows working natural gas stocks are 10% lower then year-ago levels and 2% lower than the five-year average through 2020 for this week.
Moderate weather for the continental United States, however, has kept Henry Hub below recent highs of around $6/mn Btu. The National Oceanic and Atmospheric Administration in its latest monthly forecast calls for above-normal temperatures across most of the Lower 48 states.
In the more immediate forecast, the National Weather Service said to expect record-breaking high temperatures for this time of year for parts of the country, though the Northern Plains and Upper Midwest could see heavy snow during the weekend.
$ORLY: Oh-oh-oh-oh-maybeeee? ♬O'Reilly along with other automotive retail are potentially showing promise after the XRT rout. Being in a higher market cap than comparative retail stocks could help ORLY benefit in a deflationary environment assuming the dollar trends higher in the intermediate - long term. Gas or electric and an ever growing group of DYI'ers automotive retail stands to benefit long term in my opinion.
NATURAL GAS - NatGas - LongPotential pull back until POC price
The price are working on support area and up 200 average medium price so there is posibility for an pull back
Talk on the street is ETHI'm not a big fan of ETH (right now) because it's fundamentals have been less than impressive with the ETH2.0 merge not expected until 2023 and gas prices being insane right now due to NFT demand causing such high transaction volume on the chain. With that being said there's been a lot of talk about it getting ready for a big move by some amazing traders and if we look at the dominance charts you can see why they are thinking this.
NATURAL GAS GOING FOR FINAL RALLY OF 5th WaveNatural gas is going to make a new high for the 5th wave. We can buy it when it will come down for the correction.
#ElliottWave #NaturalGas
Complex analysis of "Natural Gas", the strongest analysis Complex analysis of "natural gas", the strongest analysis - know the upcoming price movement
Analyze natural gas prices in the short or medium term
The target is shown in the drawing. If Target 2 is breached upwards and stability, we will take off to the top
The analysis fails if it falls below $4.75
Several schools of technical analysis were used in this drawing. I hope you like it
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NATGAS Bullish Setup! Buy!
Hello,Traders!
NATGAS has retested a support cluster
Formed by the rising support and a horizontal key level
I am bullish on Gas overeall, and my bias is supported
By the recent bullish breakout from the local falling channel
Taking everything into consideration
My verdict is that Gas will most likley go up mid-term
The target you see on the chart is a good TP level
But I also belvie that Gas might go even higher
To retest the recent all-time-high
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
✅NATURAL GAS WILL GO UP|LONG🚀
✅NATURAL GAS is trading in an uptrend
And the price has retested a support confluence
Of the rising and horizontal support levels
On the lower timeframes, we can see
A breakout of the falling resistance
Which completest the bullish narrative
And I am expecting the price to go up
With the target being 5.5$
LONG🚀
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$SEDG: Time To Get $TAN?SEDG made a major break through the key 370 level we were watching on my Stocktwits page. TAN (Solar ETF) broke above 100 today as well and looks very strong against alternative energy plays. In fact if you look at $XLE vs $TAN you'll see that energy potentially has a long way to fall vs solar companies who are leading the pack today. Could be good to hold longer term until retail trends begin to develop in a more broad based way. Good luck!
NATURAL GAS The top is in. But how low can it go?Exactly two months ago by making use of Natural Gas' clear long-term cycles, I called for a potential Top of the current Cycle after the formation of a Golden Cross on the 1W time-frame:
Even though the price rose a bit more, the peak was made shortly after. This time I am narrowing the horizon to 5-6 years and as you see the Cycle's peak was made exactly on the Higher Highs trend-line that started after the December 2016 High. An important technical development is that the 1W MACD made a Bearish Cross, which when formed on that Higher Highs trend-line, is a Top. Even though on a multi-year basis, the technical outlook has Natural Gas going as low as the Support Zone, on the less long-term, it may follow a consolidation phase as in 2017.
A long-term startegy for a cyclical investor would be to sell every rebound as the current one and gain from such swings on a 1-2 year horizon. In 2017/2018 it was only when the 0.618 Fibonacci retracement level broke, that NG broke down towards the Support Zone. So in such strategy long-term traders may resume selling once the current 0.618 Fib breaks (3.374) towards the Support Zone.
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KT, A Potential Gem Stock, 127%+ Long TermKorea gets a bad reputation for how companies tend to benefit their owners/eecutives over the shareholder. This is going to change as it's highly unpopular in S. Korea. Irrespective of the political climate, undervalued Korean Companies are set to make massive growth.
Fundementals:
P/E: 8.18
EPS: 1.6
NATURALGAS not done yetNATGAS had an ugly week but creates a great opportunity too. Showing bullish divergence from 4h time frame and falling wedge pattern. Very likely that we will make the double bottom and later on should break the downtrend line. Need to watch.
Best way to enter after a breakout.
GOOD LUCK!
Double Bottom now rise to 97.xxWe have a clear double bottom on DXY sitting at 89.54 with a clear rise and break of resistance at 95.x now the push seems to be a pull back to the now support line at 94.5ish and then a run to the bottom of the next channel at 95.9 all the way to 97.4-5.
We would like to see the now support line at 94.5ish hold and continue up. This will put serious pressure on the energy markets anything over 95.9x and change could cause a major spike in either oil, LNG or other energy prices.