Devon Energy (DVN) Update

dan_s · Post by **dan_s** » Tue Nov 21, 2017 12:31 pm

We will be sending out an updated profile on Devon Energy on November 22. This large-cap deserves a lot more attention.

Devon will generate over $1 Billion FREE CASH FLOW from operations this year and should get another $1Billion from non-core asset sales when they sell their Johnson County, Texas package which is now getting bids. The balance sheet will be in great shape heading into 2018.

Devon will focus most of their attention and capex on STACK and the Delaware Basin in 2018 where they have over 11,000 low-risk high-return development drilling locations.