comstock and devon out

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Fraser921
Posts: 3240
Joined: Mon Mar 22, 2021 11:48 am

comstock and devon out

Post by Fraser921 »

ChuckGeb
Posts: 1217
Joined: Thu Nov 21, 2013 2:46 pm

Re: comstock and devon out

Post by ChuckGeb »

Market reaction to Devon release seems a bit of an overreaction. Happy to pick up some shares today.
dan_s
Posts: 37269
Joined: Fri Apr 23, 2010 8:22 am

Re: comstock and devon out

Post by dan_s »

Devon's Q3 "Adjusted Net Income" came in lower than my forecast, but (more important to me and my valuation) Adjusted Operating Cash Flow of $2,339 million exceeded my forecast of $2,151 million.
The Company's variable dividend of $1.35 compares to my forecast of $1.37

Buy the dip! Devon is a great company.
Dan Steffens
Energy Prospectus Group
Fraser921
Posts: 3240
Joined: Mon Mar 22, 2021 11:48 am

Re: comstock and devon out

Post by Fraser921 »

DVN is the loser of the day, down 9.96 and 12.9% WOW

Not noticed today is NG bouncing back 47 cents and 8 %
SergioSays
Posts: 99
Joined: Mon Jul 12, 2021 8:59 am

Re: comstock and devon out

Post by SergioSays »

the market selloff towards the end of day on the Powell press conference took Devon from $71i-sh to $67 and change. Buy some tomorrow if you didn't today.
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