Devon's Undervaluation Remains A Boon As Management Executes Brilliantly - Reiterate Buy
DVNDevon Energy(DVN) Seeking Alpha·2024-06-18 02:45
boygovideo We previously covered Devon Energy (NYSE:DVN) in March 2024, discussing its inherent undervaluation compared to its peers, despite the healthier balance sheet, raised fixed dividends, and sustained share retirement. With a prospective market re-rating likely to bring forth excellent upside potential as the elevated crude oil prices triggered higher variable dividends, we believed that the stock remained a compelling Buy for commodity investors. Since then, DVN has traded sideways at -0.4% as  ...