DVN Devon Energy Corp.

$DVN $OXY 🥸🥸🥸😎😎😎🤩🤩🤘🤘 daddy is the king of oil gas , sometime I surprise even myself how good I am at energy investor , my wife can’t praise me enough seeing my energy LONGS

Devon Energy Corporation $DVN shares are trading higher on Thursday after the company disclosed a deal to sell its Eagle Ford assets to Crescent Energy $CRGY for $4.2 billion in cash. The assets include approximately 90,000 net acres across Karnes, DeWitt and Gonzales Counties in Texas and account for about 4% of Devon’s total BOE production. $DVN $CRGY $SPY

$DVN everyone sold off before the dividend. Typical. Many insiders sold off as well but the CEO purchased shares at over 51. I respect him for that, but when he owns a million shares the purchase of 200k dollars of shares means nothing.

$DVN Reuters (six sources): BP has entered the data room on Devon Energy's Eagle Ford operations in South Texas, weighing an acquisition. The appeal is adjacency. BP's BPX unit already pulls ~205,000 barrels a day out of its own Eagle Ford position, part of ~545,000 total, targeting 650,000+ by 2030. Buying next door brings cost savings and geology it already knows. TPH values the asset around $4.5 billion, square inside BP's $2-5 billion range for oil-weighted shale. Part of the position sat in a BP-Devon joint venture until last year. BP knows the rock. Data room entry is not a bid, and both sides declined to comment. Still, this is the other side of the $20 billion divestment program: under Meg O'Neill, BP is buying again.

$DVN The Toms Capital to push for a sale is a crock. 1) The merger wasn't completed until May 7 and hasn't had a chance to prove worthy of re-rating to a higher multiple. DVN hasn't completed one quarter as a combined entity to show its results and are still completing $1 billion in cost synergies; 4) DVN is evaluating which, if any, basins to offload: 5) DVN is so big now only a handful of majors could digest them. It's been 7 years since OXY bought Anadarko for $55 billion with oil at $55/bbl. It has been 4 years since XOM bought Pioneer for $59 billion with oil at $80/bbl. Nobody is going to make this big a purchase at the top of a commodity cycle. 6) Explorers need a multi-basin portfolio to provide a lever they can use based on whether pricing incentivizes oil-centric or gas-centric production. Technology advances so quickly they take what they learn from one basin and apply it to older basins to increase productivity. See EOG Resources.

$DVN sure does look like a possible cup and handle breakout might be on the horizon. Bad for the rest of the market

$DVN is selling assets representing roughly 4% of its production for about 8% of its current market cap, why is it blood red?

$DVN DVN) closed its $58 billion Coterra merger in May and posted net income of $1.91 billion, its highest since 2022. It returned over $1 billion in the last seven weeks of the quarter, lifted its quarterly dividend 33%, and kept $7.8 billion of buyback authorization, while targeting at least $1 billion of annual synergies by the end of 2027. Raymond James (Strong Buy, $67 from $64), Hedge fund ownership of Devon Energy Corporation (NYSE:DVN) jumped to 82 funds from 58 at the end of the second quarter

$DVN Devon is currently trading at a forward price-to-earnings (P/E) multiple of roughly 11x. This sits well below its historical averages, leading firms like Morgan Stanley and Citi to call DVN one of the most undervalued U.S. stocks in the energy sector.

After bouncing right off the $48 support level, $DVN may be trying to breakout again! Nearly $2M of ATM 2028 Leap Calls were bought towards the end of the day! Confirmation of strength with a break over $50!

$DVN — energy at 52-week highs while everyone watches chips. $1.7B FCF in one quarter, dividend went ex Sep 15 and the stock didn't flinch. 46.83 → 50.02.

Devon Energy ($DVN) pressing right against the apex of a major multi-month symmetrical triangle. The Setup: Coiling tightly with a breakout test underway right around the $50-$51 resistance zone, supported by a rising moving average slope filter below. Momentum: Volume profile shows lighter overhead supply once it clears this upper trendline band. Action: Coiling for a potential expansion move—watching for confirmation on the breakout.

$DVN Devon signed the definitive agreement Thursday to sell its Eagle Ford assets to Crescent Energy for 4.2 billion dollars in cash (company release). That closes the loop on the September rumor. BP studied the asset and walked away, and TPH had pegged it at about 4.5 billion. Devon got within spitting distance of that number, from a different buyer. One level down, the buyer is doing the heavy lifting. Crescent is picking up about 68,000 boe/d and more than 600 Tier 1 locations, sees around $140 million in annual synergies, and launched a 1 billion dollar equity offering the same day to help fund the deal. Devon calls it a full exit from the basin: roughly 90,000 net acres, about 4% of its total BOE.

$DVN The BP deal rumor died Friday. Reuters reports BP studied Devon's Eagle Ford asset in South Texas and walked away. TPH Research had pegged the asset at about $4.5B. The tape told the story. Devon closed up 1.8% Thursday on the bid rumor, then fell about 3.6% Friday on the walk-away. The context is the sale process. Toms Capital, a top-5 shareholder, sent a letter this month urging Devon to sell assets or the whole company after this year's Coterra merger left it operating in six basins. BP was the natural buyer: it already owns Eagle Ford acreage and is shopping for oil-weighted shale. It passed and talked capital discipline.

$DVN EXCLUSIVE: BP eyes Devon Energy asset amid renewed US M&A ambitions, sources say | Reuters https://share.google/UYUSclGmXbwUltc4P

$DVN Reuters Reports BP Eyes Potential Acquisition of Devon Energy's South Texas Shale Assets

$DVN you know oil is going up when trump ask Ukraine to stop bombing refineries in Russia!

$DVN: you do not have to live in Oklahoma for the $52.5M Devon gas royalty settlement. If Devon paid you royalty on gas from a Class Well 2013-2025, you are in, paid automatically. No date yet. Open Class Actions.

$DVN I’ve got a feeling Trump may start ground troops in Iran this weekend. He’s running out of time and appears desperate for a win before the elections. Any guesses on what DVN may do come Monday morning?

A $50K to $100K sale of $DVN by Rep. Kevin Hern, made Sep 23, showed up in a filing on Oct 13. It ranks #33 of 90 in its industry on the Quality Score, rated Average at 8.