Devon Energy
17 ноября, 19:32

Cracks Are Showing in Chesapeake Energy Corporation Stock Price

2017 has delivered a frustrating one-two punch to Chesapeake Energy Corporation (NYSE:CHK). The CHK stock price sank for most of the year after briefly clearing $8 in December. Then, when oil prices finally rallied, boosting stocks in the sector, CHK seemed left out. In contrast, Devon Energy Corp (NYSE:DVN), also based in Oklahoma City, has seen a 32% jump off its lows and now has lost just 17% of its value in 2017.

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15 ноября, 20:30

Devon reports 5,100 boe/d STACK well in Oklahoma

Devon Energy Corp. expects to increase net production in its Oklahoma STACK development to more than 120,000 boe/d by yearend, bringing an estimated 25 wells online in the fourth quarter.

15 ноября, 20:01

Devon (DVN) Gains From Cost Savings and Oil Production

Devon Energy (DVN) is poised to benefit from solid oil production of domestic oil plays and ongoing asset divestitures. However, competitive nature of the industry continues to remain a headwind.

15 ноября, 01:01

Top Stock Reports for Activision, Marriott & Intuitive Surgical

Top Stock Reports for Activision, Marriott & Intuitive Surgical

02 ноября, 15:50

Devon Energy (DVN) in Focus: Stock Moves 5.9% Higher

Devon Energy (DVN) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

02 ноября, 15:38

WPX Energy (WPX) Q3 Loss Narrower Than Expected, '17 View Up

WPX Energy's (WPX) loss in the third quarter is lower than expected due to the gains from its focus on oil assets.

01 ноября, 17:06

Devon (DVN) Beats Q3 Earnings Estimates, Issues Guidance

Devon Energy's (DVN) third-quarter earnings surpass estimates and its strong U.S. production might help it deliver 30% year-over-year-growth in current-year's total production.

01 ноября, 16:27

Anadarko's (APC) Q3 Loss Wider Than Expected, Revenues Beat

Anadarko Petroleum's (APC) loss was wider than expected in third quarter and contribution from its natural gas sales was lower due to divestiture of assets.

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30 октября, 14:33

Oil Stocks' Q3 Earnings: Key Predictions for DVN, APC, CXO

Third-quarter earnings for the oil stocks are expected to increase on revenue growth.

27 октября, 23:33

All-Around Strength in Q3 Earnings Season

All-Around Strength in Q3 Earnings Season

26 октября, 13:18

Will Hurricane Harvey Hurt Devon Energy's (DVN) Q3 Earnings?

Hurricane Harvey is expected to adversely impact production of Devon Energy (DVN) and hurt Q3 earnings.

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03 октября, 18:01

Sustainability Or Growth? E&Ps Face A Difficult Decision

Authored by Oil & Gas 360 via OilPrice.com, Only 16 E&Ps are expected to grow production and keep spending within cash flow U.S. unconventional E&Ps often find themselves in a difficult position in the current environment. The environment has long been “grow or die,” with high emphasis placed on companies growing production. Firms that have little growth prospects generally trade at significantly lower multiples. On the other hand, a different group of investors have much different priorities. Many investors have begun to place a premium on operational sustainability instead of growth. These investors prefer that companies are able to sustain operations and generate free cash flow, rather than spend beyond their means to keep growing. Companies, then, are often forced to decide. Is it worthwhile to spend beyond cash flow to grow? The ideal company is able to do both, but most must choose one or the other. A tough downturn and volatile commodities prices have made E&Ps and investors cautious. Out of 119 E&P companies, 72 are predicted to have average 2017 production exceed Q4 2016 production. Significantly fewer, only 27, are expected to have positive free cash flow in 2017. These two are not mutually exclusive, as a total of 16 companies have both positive free cash flow and production growth. These 119 companies are plotted below. How to read the graphs Free cash flow is presented relative to market cap, to ensure operations are comparable and adjust for company size. Production growth, as previously mentioned, compares expected overall 2017 production with Q4 2016 production levels. Because debt is also a major means for companies to fund operations, each company’s debt to market cap is illustrated as bubble size, with higher debt giving a larger bubble. Companies are identified by ticker on each chart. Several outliers are not included in the charts, to preserve scale. Micro Cap Blackbird Energy (ticker: BBI) predicts production growth of 2204 percent in 2017, and has zero debt. It will accomplish this with high spending, as its negative free cash flow balance represents 26 percent of its market cap. Rex Energy (ticker; REXX) also is not plotted, as its negative free cash flow balance is 330 percent of its market cap. Micro cap TransGlobe Energy (ticker: TGA), which predicts 505 percent production growth, and mid-cap Paramount Resources (ticker: POU), which expects 282 percent production growth, are also not plotted. Large cap companies, defined as those with market capitalization above $10 billion, are all relatively similar. Most expect modest production gains of less than 20 percent, with only Canadian Natural Resources (ticker: CNQ) expecting larger gains. (Click to enlarge) Source: EnerCom Analytics Mid-cap companies, those with market capitalizations between $10 billion and $1.75 billion, are less likely to spend within cash flow. Only five companies will generate positive free cash flow this year. On the other hand, almost every company will see production grow, with some growing by more than 50 percent in one year. (Click to enlarge) Source: EnerCom Analytics Small cap companies, with market capitalizations between $1.75 billion and $350 million, are more variable. Nine out of twenty-nine will spend within cash flow, and nine will not increase production in 2017. (Click to enlarge) Source: EnerCom Analytics Micro cap companies, with market capitalizations below $350 million, generally do not spend within cash flow, instead prioritizing growth. Only one company, Pine Cliff Energy (ticker: PNE) is predicted to have positive free cash flow in 2017. On the other hand, almost all small cap companies are expected to grow production. (Click to enlarge) Source: EnerCom Analytics 16 companies will do both: - Canadian Natural Resources (ticker: CNQ)- Continental Resources (ticker: CLR)- Cabot Oil & Gas (ticker: COG)- Devon Energy (ticker: DVN)- EOG Resources (ticker: EOG)- Granite Oil (ticker: GXO)- Pine Cliff Energy (ticker: PNE)- Whitecap Resources (ticker: WCP)- Crescent Point Energy (ticker: CPG)- Vermilion Energy (ticker: VET)- Enerplus Corp (ticker: ERF)- Spartan Energy (ticker: SPE)- TORC Oil and Gas Ltd (ticker: TOG)- Bonavista Energy (ticker: BNP)- Bonterra Energy (ticker: BNE)- W&T Offshore (ticker: WTI)

29 сентября, 16:35

Noble Energy (NBL) Raises Guidance on Robust Production

Noble Energy's (NBL) robust production from well placed assets to drive performance as it updates 3Q17 Guidance.

25 сентября, 12:06

Congressional aides risk conflicts with stock trades

Senior staffers buy and sell shares in companies that benefit from legislation in their committees.

22 сентября, 14:23

The Zacks Analyst Blog Highlights: Diamond Offshore Drilling, Chesapeake Energy, Marathon Oil, Devon Energy and Lonestar Resources US

The Zacks Analyst Blog Highlights: Diamond Offshore Drilling, Chesapeake Energy, Marathon Oil, Devon Energy and Lonestar Resources US

21 сентября, 20:27

Oil at 4-Month High on Plunging Fuel Supplies, OPEC Talks

U.S. crude settled above $50 a barrel in trading yesterday, boosted by falling product inventories and possibility of OPEC extending its production cuts beyond March 2018.

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04 августа, 20:06

Rig Count Drops For 3rd Time In 6 Weeks As US Shale Heavyweights Boost Production

The pace of US oil rig count growth has slowed dramatically in the last six weeks as the lagged response to oil prices indicated. While US oil production continues to trend higher, in lagged response to the rise in rigs, it is also nearing its apex. However, four U.S. shale companies recently reported second-quarter production that beat targets and increased their respective full-year output growth guidance. This is the 3rd weekly drop in the US oil rig count in the last six weeks...   Crude Production (in the Lower 48) topped 9mm last week for the first time since July 2015, and this week it rose once again to a new cycle high...but judging by the slowdown in rig count growth, production may be set to slow.   However, despite the slowdown in US oil rig count growth, OilPrice.com's Tsvetana Paraskova notes that US shale heavyweights are set to boost production this year. In a sign that the U.S. shale patch is boosting output that has been keeping a lid on oil prices, four U.S. shale companies reported second-quarter production that beat targets and increased their respective full-year output growth guidance. EOG Resources reported on Tuesday Q2 total crude oil volumes rising 25 percent to 334,700 barrels of oil per day, setting a company oil production record. The company raised its full-year 2017 U.S. crude oil growth target to 20 percent from 18 percent and total company production growth target to seven percent from five percent, keeping capital spending plans intact. “EOG can continue to grow at strong rates within cash flow,” Chairman and CEO Bill Thomas said. Devon Energy beat its midpoint guidance with Q2 net production averaging 536,000 oil-equivalent barrels per day, and said that it was on track to achieve its full-year 2017 production targets. The company cut full-year capital outlook by US$100 million, citing “strong capital efficiencies” and saying it is keeping planned drilling activity for the year. Diamondback Energy reported Q2 2017 production 25 percent higher than in Q1 2017, and raised full-year production guidance by 5 percent. Newfield Exploration Company also beat its production targets and increased the mid-point of its full-year 2017 domestic production outlook. Newfield Exploration now estimates that its year-over-year domestic production growth, adjusted for prior-year asset sales, will be around 8 percent. “In the best parts of the basins, shale is here to stay,” Rob Thummel, managing director at Leawood, Kansas-based Tortoise Capital Advisors LLC, told Bloomberg, commenting on the shale drillers’ Q2 updates and guidance. U.S. drillers expect to continue raising production this year, but some are adjusting spending to the expected cash flows in the current oil price environment, after prices failed to rise as much as analysts and investors had expected a few months ago. “$50 a barrel is still a pretty critical number and that number is going to be even more critical as we move into next year,” Tortoise Capital Advisors’ Thummel told Bloomberg, noting that the lower oil prices could mean that companies would not hedge production as much as they would at higher prices to protect future output. *  *  * Furthermore, OPEC compliance with production cuts agreed last year fell to 86 percent in July, according to a Bloomberg survey published on Aug. 1. That’s the second consecutive monthly drop -- now at the lowest since January -- and is down from 105 percent in April and May. OPEC output rose by 210,000 barrels to 32.87 million barrels a day in July, driven by Libya, which added 180,000 barrels a day.

24 июля, 16:49

New Strong Sell Stocks for July 24th

Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: