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Devon Energy CorporationDD

Devon Energy Corporation

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DVN trade ideas

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.
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by Michael_Axio
Devon Energy Corp (DVN) - [M1] - LONG & Strong for Profit!Devon Energy Corp (DVN) - Get Long & hold on with this hydrocarbon producer on continued inflationary pressures driving hydrocarbon energy such as oil and natural gas higher, along with legacy hydrocarbon ("fossil fuel") exploration & production companies such as this company. Ride the global energy crunch/"crisis"" wave higher yet still to profit, profit, and more profit. Ultimate price target on the underlying oil and natural gas as well as the shares of oil and natural gas production companies remains as of yet unknown given emergent global energy situation continuing to unfold! Stay tuned and pay attention. See description (below) for further details...
NLong
by AlphaBeta
Hedging with short DVNWhen the market reached a (new) All Time High earlier today I wanted to get some short Delta in my positions. I learned my lesson during the 'recent unpleasantness' bottom of 7/19 that being all net long puts one at risk of volatility in a portfolio... even if the positions themselves individually remain strong and profitable. This morning's volatility setup a good short entry on NYSE:DVN that by looking at futures this evening should hedge against tomorrow's potential downside. Earnings are close so I may need to de-risk next week before.
NShort
by norok
1
Devon Energy (DVN) | Technical Break, Wait For a Retest!Hi, another idea from the stock market. Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 3,942 gross wells. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma. Technical analysis of DVN looks promising. The price of Devon Energy has made a break above the trendline which is pulled from ATH in 2008. It has worked quite strongly as resistance and after the break above it starts to act as a support. There is also a minor level around $20. It has played quite a significant role considering history. It is good that the trendline and the strong horizontal area form a grossing zone which adds strength to the future retest. We haven't seen higher highs on the monthly, but if you look at smaller timeframes then there are some minor breakouts of the structure (higher highs) which are good confirmations for future growth. If you are made your own fundamental research and you see that it might be a good investment then technical analysis confirms it, at least mine. Remember, a perfect investment consists of good fundamentals and good technicals. If one of them does not meet your expectations then skip it, easy. If you have the green lights from both analyses then you can start building your positions from £23! Have a nice weekend, Vaido
NLong
by VaidoVeek
1