
NYSE:DVN
This summary was created by AI, based on 4 opinions in the last 12 months.
Devon Energy Corp (DVN) has received mixed reviews from experts regarding its current position in the energy market. While some analysts acknowledge the strength of its natural gas holdings, they caution against purchasing nat gas at the peak of its recent run. The company is undergoing a solid merger, which has contributed to its stability and re-rating in the market. Even though there are warnings about the potential peak in uncertainty for supply, some experts suggest taking profits in oil and gold, emphasizing that DVN can be a safer investment compared to tech stocks. Overall, investors may find it a reasonable choice for long-term holding, especially with a trailing stop strategy in place for risk management.
When he looks at commodities, one of the things he insists upon is not sacrificing the role that dividends pay in long-term rates of return. This is the kind of company that has an alright but not great asset base, alright but not great balance sheet and a so-so dividend yield of about 1.25%. Outlook for oil and natural gas prices is pretty mediocre in this environment.
(A Top Pick March 12/13. Up 15.11%.) This one should lag in a rising boat environment for energy stocks, but should give you more protection on the downside. Still gives you some attractive value. Debt levels are coming down and they are redeploying cash into both US and Canadian operations. Thinks this could add another 15% this year.