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$Devon Energy (DVN.US)$ Down 25% since October. Short intere...
$Devon Energy (DVN.US)$ Down 25% since October. Short interest up. No public news to support this significant drop in value. This is suspicious. Maybe institutions are exiting this stock??? I’m buying on the 12th to DCA and hold for the dividend.
I liked that people who work with $Devon Energy (DVN.US)$ speak positively about the company.
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151798759 : I am surprised as well. There is no reason for this steep decline. The last earning report did best all estimates. True that Oil is down a bit but this much drop in the stock value is overreaction. I am buying and holding till the next report.
72379272 : DVN paying dividends is base on the real world gasoline price also. Which it’s a downside, to shareholders depends on the dividend. ( we also know Trump will keep drilling and drilling )
Wongcs : When Trump take over, is it good for DVN or bad for DVN?
Dubulator OP Wongcs : Too hard to tell. Story came out that he is looking to expedite energy investments but even good news doesn’t seem to move $Devon Energy (DVN.US)$ up. I am waiting until the 12th to buy more and I will hold for the dividend. Even if it drops.
easygoing Lyon Wongcs : On the auto pilot app, it says Trump's donors are invested in Devon.
That's the only reason i'm here