Devon Energy

  • Why is This MLP an Opportunity for Investors?

    By Mike Thiessen - August 13, 2013 | Tickers: DVN, LNCO, LINE

    Devon Energy (NYSE: DVN), an independent oil and gas exploration company focused on U.S. and Canadian assets, is planning on spinning off its natural gas gathering and processing assets in Texas, Oklahoma and Wyoming into a midstream MLP (Master Limited Partnership) to be filed in Q3 2013 for an initial public offering contingent on market conditions.

    Devon will be the general partner of the MLP, and Devon will use more »

  • Billionaire Leon Cooperman Still Likes This Energy Stock

    By Meena Krishnamsetty - July 30, 2013 | Tickers: CHK, DVN, SD

    At the Delivering Alpha conference on July 17, billionaire Leon Cooperman of Omega Advisors listed SandRidge Energy (NYSE: SD) as a potential turnaround and one of his top picks. At Insider Monkey, we track quarterly 13F filings from Omega and hundreds of other hedge funds as part of our work researching investment strategies (we have found, for example, that the most popular small cap stocks among hedge funds earn an more »

  • Billionaire T. Boone Pickens’ Long-Term Stock Picks

    By Meena Krishnamsetty - July 30, 2013 | Tickers: APA, DVN, OXY

    In May, billionaire T. Boone Pickens’ BP Capital filed its 13F for the first quarter of 2013 with the SEC, disclosing many of its long equity positions as of the end of March. Obviously the information in this filing is somewhat old by now, but at Insider Monkey, we track quarterly 13F filings from hundreds of hedge funds, including BP, as part of our work researching investment strategies (for example more »

  • Will Devon’s Midstream Spinoff Boost the Company’s Performance?

    By Matt Smith - July 29, 2013 | Tickers: APC, CHK, DVN, EOG

    In early June 2013, struggling oil explorer and producer Devon Energy (NYSE: DVN) announced that it would spin off a portion of its pipelines and storage facilities, otherwise known as its midstream assets. These would be used to form a publicly traded midstream master limited partnership. This proposal forms an important part of the company’s strategy to unlock value for share holders, through divesting itself of non-core assets.

    In more »

  • Another Big Texas Oil Play?

    By Robert Zimmerman - July 19, 2013 | Tickers: APA, DVN, RRC

    The great state of Texas already produces approximately 30% of all oil in the United States. Over the past two years there’s been growing buzz about the Cline shale play in the Texas Permian Basin. Specifically, the Cline may hold 30 billion barrels of recoverable oil. In contrast, the Bakken in the Dakotas holds roughly 7.4 billion (at last check) and the Eagle Ford in Texas holds 853 more »

  • Oil and Gas Companies Expanding to Meet Rising Demand

    By Madhukar Dubey - July 16, 2013 | Tickers: COG, CLR, DVN

    The worldwide oil and gas exploration and production industry is expected to grow by 3% this year to $4.5 trillion. According to the Energy Information Administration, global demand for oil will grow by 0.9 million barrels per day this year and 1.2 million barrels per day in 2014. To meet this increasing demand, companies in the industry are adopting new technology to increase their production, mainly by more »

  • Acquisition of Chesapeake’s Assets by Exco

    By Hussain Asghar - July 15, 2013 | Tickers: CHK, DVN, XCO, PXD

    The global energy sector is not performing well despite of the burgeoning demand. The rise in demand is an indication for underperforming industries to strengthen their fading potential and be more profitable. This is an opportunity for investors to profit from this reviving sector.

    Two major players of the US energy sector are Exco (NYSE: XCO) and Chesapeake (NYSE: CHK). I recently came across a transaction in which Exco acquired more »

  • Report Reveals the Future of the Oil Sands

    By Robert Baillieul - July 3, 2013 | Tickers: CVE, DVN, SU

    Editor's Note: This article has been modified in regards to Connacher's current financial position.

    Earlier this month the Canadian Association of Petroleum Producers predicted output from the Albertan oil sands will increase nearly three-fold by 2030. The chief driver of all this growth comes down to one technology - Steam Assisted Gravity Drainage, or SAGD. 

    Steam what?

    SAGD is the most common form of in-situ (Latin for “in place more »

  • Billionaire T. Boone Pickens' Energy Portfolio

    By Marshall Hargrave - June 10, 2013 | Tickers: APA, DVN, GDP, OXY, PXD

    Billionaire T. Boone Pickens runs a concentrated $35 million hedge fund called BP Capital, with nearly 45% of his fund invested in his top five stocks, all of which are energy of course. He isn't your typical hedge fund manager, being a former oilman turned hedge fund manager; let's check out his top five picks (see Pickens' other top picks).

    Pickens and BP Capital's top pick is more »

  • 3 Opportunistic Energy Stocks for Your Portfolio

    By Anh HOANG - May 28, 2013 | Tickers: APA, CHK, DVN

    In Morningstar’s recently-released list of 10 high-conviction stocks, there are two energy companies which have high star ratings. They are Apache (NYSE: APA) and Devon Energy (NYSE: DVN). Since the beginning of the year, both Apache and Devon have increased 7.5% and 15.7%, respectively, lagging the S&P 500’s return of nearly 17.2%. Let’s take a closer look to determine whether or not we more »

  • Billionaire T. Boone Pickens’ Top Q1 Stock Picks

    By Meena Krishnamsetty - May 28, 2013 | Tickers: APA, DVN, GDP, OXY, PXD

    After becoming a billionaire through his success in the oilfields, T. Boone Pickens has moved into finance with his hedge fund BP Capital (which manages a sizable portion of his own wealth). The fund, which concentrates on energy-related investments, recently filed its 13F with the SEC, disclosing many of its long equity positions as of the end of March; see the full filing on the SEC's website.

    We track more »

  • What Is This Value Investor Buying?

    By Meena Krishnamsetty - May 24, 2013 | Tickers: BAM, DVN, FCE-A, KEY, BK

    Martin Whitman, a value investor, founded Third Avenue Management in 1990. Third Avenue currently has over $10 billion worth of assets under management.

    By doing fundamental research on companies, the fund attempts to find stocks that are “safe,” i.e. understandable businesses with stable financials that also sell at a discount to their intrinsic value.

    The fund recently filed its first quarter 13F with the SEC, describing some of its more »

  • Energize Your Portfolio for Bigger Gains With Smaller Risk

    By Ken McGaha - May 14, 2013 | Tickers: DVN, XOM, ROSE

    Market valuations of different businesses, even within the same industry, can vary wildly at any given time. Small businesses tend to have more growth potential, but also entail greater risk; large ones offer more safety but less growth. Identifying the cheapest, small or mid-sized businesses in an industry and pairing the investment with one of the largest gives investors the opportunity to enjoy the best of both worlds. Applying this more »

  • This E&P Energy Play Continues to Impress

    By Nick Chiu - May 10, 2013 | Tickers: APC, APA, DVN

    Anadarko Petroleum (NYSE: APC)), with a market cap of approximately $43.9 billion, is a company engaged in the exploration and production of oil and natural gas. It operates in three segments: oil and gas exploration and production, midstream and marketing.

    For Q1 2013, Anadarko reported a solid quarter. Excluding one-time items, the company had a profit of $1.08 per share, beating analysts’ expectation of $0.94 per share more »

  • This Oil E&P Company Is Extremely Cheap

    By Matthew Frankel - May 10, 2013 | Tickers: APC, APA, DVN

    Apache Corporation (NYSE: APA) is one of the largest American oil exploration and production (E&P) companies, with operations in seven countries.  Apache runs about 100 oil rigs, and has done well in terms of increasing its productivity in recent years.  Despite this fact, and despite the great quarter the company just reported, shares are still trading close to their 52-week low and are valued at around 8 times earnings more »

  • Will This Gas Producer Continue to Rally?

    By Lior Cohen - April 29, 2013 | Tickers: APC, CHK, DVN

    The recent recovery of natural gas hasn’t passed by Chesapeake Energy (NYSE: CHK). Shares of the company rose by 16% since the beginning of the year. It's not out of the woods just yet, but will its shares continue to rally as the year progresses? Will Chesapeake’s upcoming first-quarter financial reports disappoint investors? Let’s explore these issues further.

    Let try and answer these questions by taking more »

  • More Bankruptcies In The Oil and Gas Space?

    By Mike Thiessen - April 15, 2013 | Tickers: DVN, GMXRQ, SWN

    The announcement that GMX Resources (NASDAQOTH: GMXRQ) had filed for Chapter 11 bankruptcy protection did not come as a surprise to many market-watchers who had paid close attention to the company's declining fortunes. Although the general public may not have been aware of the dire financial straits in which GMX found itself until the company's March 11, 2013 declaration that it would indefinitely suspend the dividend on its more »

  • More Bankruptcies In The Oil and Gas Space?

    By Mike Thiessen - April 15, 2013 | Tickers: DVN, GMXRQ, SWN

    The announcement that GMX Resources (NASDAQOTH: GMXRQ) had filed for Chapter 11 bankruptcy protection did not come as a surprise to many market-watchers who had paid close attention to the company's declining fortunes. Although the general public may not have been aware of the dire financial straits in which GMX found itself until the company's March 11, 2013 declaration that it would indefinitely suspend the dividend on its more »

  • Can Companies Be a Great Place to Work and a Great Stock?

    By Erin McBride - April 15, 2013 | Tickers: CPT, DVN, DWA, GOOG, NTAP, QCOM, ULTI, WFM

    Fortune Magazine recently published its list of the “100 Best Companies to Work For.” Out of curiosity I compared the list to the stock market to see which were publicly traded, and if there is any correlation between being a great place to work and being a great stock.

    Out of the top 10 best companies to work for, only four are publicly traded- Google (NASDAQ: GOOG), NetApp (NASDAQ: NTAPmore »)

  • Can Companies Be a Great Place to Work and a Great Stock?

    By Erin McBride - April 15, 2013 | Tickers: CPT, DVN, DWA, GOOG, NTAP, QCOM, ULTI, WFM

    Fortune Magazine recently published its list of the “100 Best Companies to Work For.” Out of curiosity I compared the list to the stock market to see which were publicly traded, and if there is any correlation between being a great place to work and being a great stock.

    Out of the top 10 best companies to work for, only four are publicly traded- Google (NASDAQ: GOOG), NetApp (NASDAQ: NTAPmore »)

  • Page 1 of 6