Devon (DVN -6.2%) slides sharply after reporting a Q4 loss including an $896M writedown of...

|About: Devon Energy Corporation (DVN)|By:, SA News Editor

Devon (DVN -6.2%) slides sharply after reporting a Q4 loss including an $896M writedown of devalued natural gas production assets. Q4 average daily oil production rose 13%, but overall daily output fell slightly as natural gas production slipped 5.9%. During the conference call, CEO John Richels said DVN may take another look at spinning off its pipeline and processing assets into an MLP.