DVN

Devon Energy Corp

Energy


Presented:04/18/2018
Price:$36.10
Cap:$19.06B
Current Price:$41.20
Cap:$25.80B

Presented

Date04/18/2018
Price$36.10
Market Cap$19.06B
Ent Value$34.44B
P/E Ratio13.62x
Book Value$17.63
Div Yield0.66%
Shares O/S528.00M
Ave Daily Vol8,265,885
Short Int2.18%

Current

Price$41.20
Market Cap$25.80B
Devon Energy Corp. engages in the exploration, development and production of oil and natural gas properties. It operates through the following geographical segments: U.S., Canada, and EnLink. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Baarnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.

Publicly traded companies mentioned herein: Apache Corp (APA), BHP Billiton plc (BBL), Concho Resources Inc (CXO), Devon Energy Corp (DVN), EOG Resources Inc (EOG), Parsley Energy Inc (PE), WPX Energy Inc (WPX)

Highlights

The presenter is long shares of Devon Energy (DVN), as part of a broader bull thesis on oil and E&Ps that also includes Parsley Energy (PE) and WPX Energy (WPX). As oil appreciates, he believes these E&Ps will start generating meaningful FCF for the first time in many years, which will lead to significant share buybacks and dividend growth.

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Idea Discussion

Commentor 1 - 2 weeks ago

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