Devon Energy: Discipline Paying Off


  • Devon Energy Corporation has reported productivity gains and is efficiently restraining capital spending, leading to production growth and lower spending.
  • The company is benefiting from higher oil prices and plans to boost production, as it is breakeven at $40/bbl while WTI prices are above $80/bbl.
  • Devon Energy is using its large cash flows to repurchase shares and has reduced its share count while still paying solid dividends.

North American Oil


Devon Energy Corporation (NYSE:DVN) finally saw the stock rebound during March, but the stock has now given up a portion of those gains. The energy company likely shouldn’t trade in such a wide volatility range. My

Analyst’s Disclosure: I/we have a beneficial long position in the shares of DVN either through stock ownership, options, or other derivatives. 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.

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