Devon Energy
New York symbol DVN, is one of the largest U.S.-based independent oil and gas explorers and producers.
DEVON ENERGY CORP. (New York symbol DVN; www.dvn.com) is one of the largest U.S.-based oil and natural-gas explorers and producers. Its production mix is 65% gas and 35% oil.
In May 2011, Devon completed the sale of its Brazilian operations for $3.2 billion. It has now sold all of its international and Gulf of Mexico properties, which it saw as risky …read more »
CIMAREX ENERGY $81.59 (New York symbol XEC; TSINetwork Rating: Extra Risk) (303-295-3995; www.cimarex.com; Shares outstanding: 85.7 million; Market cap: $7.0 billion; Dividend yield: 0.5%) produces and explores for oil and natural gas. Gas makes up 56% of its output.
Cimarex’s properties are in the Mid-Continent region of the U.S., which includes Oklahoma, Kansas and Texas; the Permian Basin of western Texas …read more »
Over the past decade, political upheaval around the world has caused many to worry about secure sources of energy supply. Some North American energy stocks have simply decided that overseas risk is not worth the trouble and expense.
Devon Energy Corp., (New York symbol DVN; www.devonenergy.com) is one of them.
Devon is one of the largest U.S.-based oil and natural-gas explorers …read more »
CIMAREX ENERGY $66.72 (New York symbol XEC; TSINetwork Rating: Extra Risk) (303-295-3995; www.cimarex.com; Shares outstanding: 86.1 million; Market cap: $5.5 billion; Dividend yield: 0.6%) produces and explores for oil and natural gas. Gas makes up 55% of its output.
Cimarex’s properties are in the Mid-Continent region of the U.S., which includes Oklahoma, Kansas and Texas; the Permian Basin of western Texas …read more »
Natural-gas prices are up 48.3%, to $3.56 U.S. per thousand cubic feet, after falling to a low of $2.40 in early September. Producers have cut back on drilling in response to lower prices. This has lowered inventories. As well, an improving economy is lifting demand.
Gas-weighted Cimarex and Devon trade at reasonable multiples to their forecast cash flows, based on today’s …read more »
DEVON ENERGY CORP. $68.66 (New York symbol DVN; SI Rating: Speculative) (405-235-3611; www.devonenergy.com; Shares outstanding: 441.5 million; Market cap: $30.3 billion) is one of the largest U.S.-based independent oil and gas explorers and producers.
Devon’s properties are located mainly in the United States and Canada. This includes conventional production, as well as shale oil in north Texas, oil sands in Canada …read more »
These two stocks now trade at low multiples to cash flow based on the 12 months to September 30, 2008. However, oil and gas prices have fallen sharply since the end of the third quarter, which will cut their cash flow in the fourth quarter.
This trend will likely continue into next year. Nevertheless, with their low debt and high development …read more »
DEVON ENERGY CORP. $101.38 (New York symbol DVN; SI Rating: Speculative) (405-235-3611; www.devonenergy.com; Shares outstanding: 446.2 million; Market cap: $45.2 billion) is one of the largest U.S.-based independent oil and gas explorers and producers.
Devon’s properties are located mainly in the United States and Canada. The company has sold its operations in Egypt, and recently completed the sale of most of …read more »
We continue to like the prospects for oil and gas stocks — and the recent pullback in share prices makes them attractive right now.
It’s uncertain if oil and gas prices will drop further in the short term, or move back up. Either way, prices will likely remain way above long-term averages. We think the best way to cut risk in …read more »
DEVON ENERGY CORP. $123.05 (New York symbol DVN; SI Rating: Speculative) (405-235-3611; www.devonenergy.com; Shares outstanding: 446.2 million; Market cap: $54.9 billion) is one of the largest U.S.-based independent oil and gas explorers and producers.
Devon’s properties are located mainly in the United States and Canada and, to a lesser degree, various regions outside North America. The company has sold its …read more »
