|Day Low/High||43.15 / 45.04|
|52 Wk Low/High||13.78 / 45.56|
Devon Energy (DVN) has bounced back from the drop in oil and natural gas prices faster than most of its fellow shale drillers.
While many are wary of U.S. shale producers, there is still great value to be found longer term with companies that are executing prudent strategies.
With oil near $60, some say yes. But what about supply overhang?
Part of the move in the energy space has been due to sector rotation as equity managers look for value in the market and the weaker dollar.
Surprises can be highly indicative future stock performance.
Airlines are down on oil's rise and Chesapeake Energy (CHK) up over 5% after it was added to B. Riley's February focus list, which includes analysts' "best idea" for the month. These mid-majors I believe are the sweet spot to invest in the beaten do...
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.
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.
The price of crude oil is running higher near the close of trading. It's now +$1.90/ barrel.
I have added to my longs in Oaktree Capital (OAK), Chevron (CVX), Devon Energy (DVN) and Exxon Mobil (XOM) this morning.
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.
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 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.
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...
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...
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.
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...
On Devon. Howard Weill has added Devon (DVN) to its Focus List.