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Wall Street Bulls Look Optimistic About Devon Energy (DVN): Should You Buy?
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.