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Opinions The Panic-Proof Portfolio (Stockchase Research)
Devon Energy CorpDVNTOP PICKJan 19, 2021
Stockchase Research Editor: Michael O'Reilly As COVID-19 vaccines roll out around the world, there is the expectation that economies will begin turning back up and energy demand will rise accordingly. DVN has managed to keep debt under control (with none due until after 2025), see positive cash flow over the past 12 months, and devise a dividend strategy that is market responsive. All this because of the quality of assets. We would buy this with a stop-loss at $14, looking to achieve $26 -- upside of 30%. Yield 2.25% (Analysts’ price target is $25.70)
$20.10
Stock price when the opinion was issued
$42.21
As of Jun 18, 2026. Market Open.
oilgas
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The CEO will turn things around, but the free cash flow yield last year was 9% and below 3% this year. They need to fix that to attract share-buyers.
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Generates decent variable income. Cash yield next year should be 12% with $80 oil, 16% if oil is $100. It's fine, but if you're an oil bull the way he is, this name doesn't fit the thesis.
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Premium contentPAST TOP PICK
(A Top Pick Sep 20/22, Down 7.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with DVN has triggered its stop at $60. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 6%, when combined with our previous buy recommendation.
oilgas
