Devon Energy: The Contrarian View

Oct. 27, 2022 5:00 AM ETDevon Energy Corporation (DVN)28 Comments
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Pinxter Analytics
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Summary

  • Devon Energy, as a major Permian Basin operator, is enjoying significant growth to both its top and bottom lines.
  • But as multiple downward pressures remain and peer comparison continues to be unfavorable, I'm taking a contrarian view on the company.
  • As a result, I am cautiously bearish on Devon Energy's near to long-term prospects.

Permian Basin In West Texas In The Spotlight As Oil Prices Soar

Joe Raedle

With all of the geopolitical and inflationary pressures on the price of oil and gas, Devon Energy (NYSE:DVN) is one of those companies which is benefitting greatly by increased production in the United States.

With a projected surge in oil

This article was written by

Pinxter Analytics profile picture
4.82K Followers
As part of my earnings growth strategy, I invest, trade and write about small under-covered growth companies which don't get much attention from establishment analysts as well as use the strategy to interpret short and long term moves in bigger, well established companies in the United States, Europe and the Asia-Pacific region.-All articles and the information in them are my opinion based on my own research and analysis and should not be taken as investment advice without proper due diligence and advice from a professional financial adviser.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Opinion, not investment advice.

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