Devon Energy Corp (DVN)
The Company including its subsidiaries, is engaged primarily in oil and gas exploration, development and production, the transportation of oil, gas and NGLs and the processing of natural gas.
Recs
Devon is overextended compared to weakness I expect to continue in natural gas and their poor earnings performance the last two years. In addition they have liquidity issues. Compare their current ratio of .7 to CHK 1.0, XTO 1.0, COP 1.0, CVX 1.4, XEC 1.6 and APA 1.9. They may cut the dividend.
Recs
Go gas go. Until we have a car that is affordable and works on trash we will see these types of companies profitting.
Recs
High natural gas supplies will keep price down. Less profit.
Recs
I believe that this stock will lag in the next several weeks as the buyout news will fade and the oil/nat gas prices will fall as well. In the long term, DVN and CHK are big winners.
Recs
unless there is an oil crisis, or a takeover bid, expect DVN to remain flat till DEC2007 at least
Recs
Seasonal nature of the business.

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