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Thinking of trading DEVON ENERGY?

    1. They have a top-tier, oil-focused portfolio (The Delaware Basin, the Powder River Basin, the STACK/SCOOP, and the Eagle Ford Shale). By focusing on its best assets, which are in some of the top drilling regions in the country, Devon believes it's well positioned to create significant value for investors going forward. 2. Because Devon is set to run on the cash flows it can produce at $46 oil, it's positioned to generate significant free cash flow. However, it was made clear that the benefits of higher commodity prices above $46 oil will drive higher levels of free cash flow for Devon's shareholders, not higher capital activity. In other words, instead of reinvesting its windfall from higher prices into drilling more wells, Devon plans to send that money back to shareholders. 3. The company currently believes it can generate $1.6 billion of excess cash through 2021 at $55 oil, which is why it recently boosted its dividend 13% and added $1 billion to its industry-leading share repurchase program that has it on track to retire as much as 30% of its outstanding stock.
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Founded 48 years ago in 1971, this young company is ranked 213th on the Fortune 500. It is a company engaged in hydrocarbon exploration in North America. As of December 31, 2018, the company had proved reserves of 1.927 billion barrels of oil equivalent (is a unit of energy based on the approximate energy released by burning one barrel of crude oil). With the ticker DVN, Devon trades in the NYSE. In 1988 the company became public via IPO, in 2000 it was added to the S&P 500 index. In August 2008 its co-founder John Nichols died. After that, the company was in a little trouble and in February 2016, Devon announced plans to lay off 1,000 employees, including 700 in Oklahoma City, and cut its dividend as part of a cost-cutting effort due to low prices of its products. The company's success was partly due to its acquisition, from 1992 to 2015, Devon Energy had 12 acquisitions, amounting to a total price of $30B. Devon Energy has worked hard to transform itself into a low-cost oil and cash flow growth machine. It expects to complete the final stage this year, which sets the company up to deliver healthy production growth while generating boatloads of free cash flow that it intends on returning to shareholders. Those cash returns, especially the money spent on buybacks, could enable the company to generate strong total returns for shareholders, given how cheap the stock is these days.

1. When it comes to oil companies, investors should always keep an eye out for regulatory changes and sanctions on competitors. Additionally, investors should see if U.S. oil production hit its target. If not, investors should check out what issues it ran into this time to cause its output to come in below expectations once again.

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