Devon Energy Corp. (DVN)

23.48
NYSE : Energy Minerals
Prev Close 23.99
Day Low/High 23.43 / 24.21
52 Wk Low/High 19.72 / 35.39
Avg Volume 6.59M
Exchange NYSE
Shares Outstanding 387.00M
Market Cap 9.28B
EPS 6.20
P/E Ratio 12.33
Div & Yield 0.36 (1.45%)

Energy Stocks to Downside

This morning, energy stocks are "catching up" to the downside, on the recent plunge in oil. I sold the balance of my ExxonMobil (XOM), Chevron (CVX) and Devon (DVN) longs yesterday for a profit.

Very Small in Energy

Selling longs into strength. In selling most of my energy longs on further strength today -- DVN, CVX and XOM -- I am now down to very small positions in that sector.

Unloading Some Devon

I am also selling some Devon (DVN) off now.

Crude Running Higher

The price of crude oil is running higher near the close of trading. It's now +$1.90/ barrel. 

Added to My Longs

I have added to my longs in Oaktree Capital (OAK), Chevron (CVX), Devon Energy (DVN) and Exxon Mobil (XOM) this morning.

Making a List, Checking It Twice

Making a List, Checking It Twice

Here's what we'd be buying into weakness for 2015.

Taking off Trading Portions of Energy Longs

Keeping the investment positions. In light of the sharp reversal in the price of oil, I am taking off my trading portion of my energy longs, taken earlier today. Maintaining XOM, CVX and DVN investment positions, however.

Trade Updates

I'm back down to 5% net short. I have added to my energy longs (implemented a trading layer on top of my investment long) on the selloff (when they turned red on the day) -- Chevron (CVX), Devon Energy (DVN) and Exxon Mobil (XOM). I have also initia...

Crude Down

Crude down by $0.40 a barrel now. CVX, XOM and DVN are moving lower and have reversed by $2-$3 from the openings, as I warned. The broader equity market may follow.

If I Were a Trader

But then again, no. If I was a trader with a short timeframe, I would sell off my energy holdings into today's rise. But I am an investor in these names with a longer timeframe and I am maintaining my longs in Exxon (XOM), Chevron (CVX) and Devon (D...

Adding Small to SPY and QQQ Shorts

I'm now 10% net short. I am adding small to my SPY ($201.650) and QQQ ($101.60) short to move to 10% net short. On the other side of the pew, nice move on (add on buy) Citigroup (C) from this morning and from new position Altisource Portfolio Soluti...

Crude Ramping

Crude is ramping (+$2.15) and is now +$3 from the day's lows.

Keeping My Core Energy Positions

Devon Energy (DVN), Exxon Mobil (XOM) and Chevron (CVX). DVN, XOM and CVX are the "world's fair." I'm holding on to my core investment positions in energy.

Again, for Emphasis

Oil stocks will rally BEFORE the price of oil stabilizes and rises.

Taking Off Part of an Energy Play

Just the trading positions. I am again taking off my recent play (and trading portion of my investment positions) in energy stocks. Selling my trading positions (not investment) in Exxon Mobil (XOM) ($88.85), Chevron (CVX) ($104) and Devon (DVN) ($5...

From The Street of Dreams (Part Deux)

On Devon. Howard Weill has added Devon (DVN) to its Focus List.

Oil Vey! (Part Deux)

Taking off my energy trading position. As I explained late yesterday, I took an outsized position in energy, superimposing a trading position over an investment position. And as suggested, I am capitalizing on this morning's gap higher by peeling of...

Oil Vey!

Energy will turn before crude stabilizes. Though oil continues to drop (down by $0.40 a barrel this morning), I want to emphasize that it is my view that the energy patch will turn before the price of crude stabilizes/rises. I have large positins in...

Checking My Oil Longs

They've gone from medium to large. My oil longs have gone from medium to large with late afternoon adds. Though I might be wrong, I expect the stocks to perform better before the commodity stabilizes. If I am correct in a trading opportunity (in add...

Contrarian Plays Can Pay Off

See: Caterpillar. Playing the contrarians sometimes pays off. When I put Caterpillar (CAT) on my Best Ideas list as a short in late November, at $106, the move was greeted unfavorably. It was in direct opposition to the exuberance of many on the sel...

Buy at the Sound of Cannons

At nearly full investment positions in large-cap energy. In keeping with my prior post, I am moving to a near full investment position in large-cap energy now. These are not trades. I expect to hold them for some time. I substantially added to my po...

The Happy Recap

I actively traded during today's session. I actively traded during the session, moving from a 25% net short position back to market neutral, and then back to 10% net short on the spectacular rise from the morning's depths. Active trading like this i...

Adding to Energy Longs

I am further adding to my energy longs now, the third buying tranche in the last 24 hours. In terms of weighting, I have gone from small to medium-sized now. An investment position and possibly a trade (near term ) as well.

Adding to My Energy Longs

But the positions are still relatively small. I have further added to my energy longs this morning -- Devon (DVN), Chevron (CVX) and Exxon Mobil (XOM) -- in a still relatively small way. My net short exposure is now under 15%.

Oil Price Should Stabilize Soon

Oil Price Should Stabilize Soon

Contrary to popular belief.

Not Buying the Dip

I am not buying this dip. Rather, I have raised my net short exposure today. I have further reduced Best Ideas (Citigroup (C), Radian (RDN) and Potash (POT)) and I have added some more ETF shorts. I also added to my trading rentals in the energy spa...

Expanding My Oil Longs

Here are the average prices. I expanded my trading positions in the oil patch. Here are my average prices on today's longs: Exxon Mobil (XOM) -- $91.95 Chevron (CVX) -- $107.10 Devon (DVN) -- $56.96

Oils as Trading Sardines

For short-term traders, anyway. Allow me to clarify my strategy when it comes to trading and investing in energy stocks.  I was flat in energy by late last week, and I commented about the sector as trading sardines on Thursday morning.  I took up an...

Continued Schmeissing in Oil

To a new low. Besides the continued disappointing economic data out of Germany, China and Japan, a distinguishing feature of this morning's trading is the continued schmeissing in the price of energy products.  This morning, crude oil is down by ano...