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Devon Energy Corporation (DVN)

NYSE
Symbol
Exchange
Currency
DVN·NYSE·USD
DVN·Mexico·MXN
1DY6·Milan·EUR
DVN·TradeGate·EUR
D1VN34·B3·BRL
DVN·Vienna·EUR
Currency in USD
43.81
+0.64(+1.48%)
Closed·
After Hours
43.97+0.16(+0.37%)
·

DVN Comments

Trump bought 1 million bbl. Hint: Trump doesn’t pay too much for anything.
Trump bought 1 million bbl. Hint: Trump doesn’t pay too much for anything.
And the really bad news is that they are all depleting their reserves at an abnormally high rate
I don’t care who you are, you cannot make money selling $58 oil if you are a Permian producer!
WAHA gas price has averaged MINUS $10 so far in October. Matador stock now down 10.23% today.
All Permian producers are having to PAY to get rid of associated gas, so they are over-producing crude at crazy low prices to put lipstick on theit revenue numbers. Dedpite that, Matador stock is down 9.7% post earnings report today. The more gas they havevto get rid of, the worse the impact on their earnings. Matador is a perfect case-study as their stock is down over 10% today after releasing esrnings yesterday after market close. All Permian producers are at risk. Short term and long term.
Looks like DVN actually LOST money on it’s natural gas production in Q3. October is starting out Q4 at NEGATIVE $10.00 WAHA price in addition to $56-$58 crude for Q4. Give me one good reason to be bullish on DVN.
October 03, 2025 | Jay Stevens Waha gas prices have been extremely volatile in 2025. The Permian Basin has been operating at the limits of egress even with the addition of the Matterhorn pipeline late last year. Shoulder (Spring/Fall) months haven’t been kind to gas prices in West Texas, as Waha fixed price traded at all-time lows on October 3 at more than -$10.00/MMBtu in the cash market—surpassing levels observed during the worst of Covid.” FWIW: WAHA traded negative ALL THROUGH 3rd Quarter.
DVN average oil price in Q4, 2024 and Q1, 2025 was $69. DVN.
DVN actuals: $69 oil price in Q4, 2024; $69 oil price in Q1, 2025; $63 oil price in Q2, 2023; $64.50 EST oil price in Q3; $56-$59 EST oil price in Q4. Not a good outlook for DVN and other oil producers.
On November 5, 2025, Devon Energy is projected to report earnings of $0.91 per share, which would represent a year-over-year decline of 17.27%. Meanwhile, the Consensus Estimate for revenue is projecting net sales of $4.14 billion, up 2.79% from the year-ago period. Hmmm… revenue up 2.79%, while avg price of crude fell from $75 to $64 (Q3, 2024 vs Q3, 2025) down 15%. They are sacrificing reserves in a declining market! Permian producers keep making the same mistakes! I would not be surprised if DVN trades below $25 in the near future. Even OXY looks like a trainwreck! …..”just thinking out loud”.
Producers have shot themselves in the foot with record production. Nothing they have done makes sense! I guess they think sub-$50 crude is good??
Entered a position in Devon Energy (DVN) at $34.70. Stop loss: $25.70 — where my thesis breaks.
Chevron finally prevailed in its efforts to acquire HESS! Chevron’s Permian production has capped out, so this acquisition gives Chevron a big shot in the arm. But Chevron still needs to beef up its Permian footprint. Chevron market cap is $265.3 Billion HESS market cap $46 Billion. Here’s a list of potential candidates for another CVX acquisition. DVN Market cap is $21.3 Billion OXY market cap is $43 Billion Diamondback market cap is $41.8 Billion Matador market cap is $6.5 Billion I’m guessing DVN could be acquited for $30 Billion, or $48/share.
WTI price is going to move to mid-$70s.
Not pumping. Just my opinion based on fundamentals and sentiment.
Not so sure President Trump’s guys can hold crude prices down without heavy imports. And world demand is too high for even the best B.S.’ers to sell the “glut story”.
Looks like President Trump is cutting deals that will assure lower crude prices, at least through the mid-terms. I dont blame him. My outlook for oil price has flipped to “negative”. $27 DVN possible. $55 WTI possible. Gotta respect what Trump has accomplished.
IF tomorrow’s EIA report confirms today’s API report, that means commercial storage has dropped from 442 million bbl to 421 million bbl over the past 5 weeks! That’s a loss of approx. 571,000 bbl/d!
If Khamenei’s government is overthrown, there will be no government in place to keep order…. It’s going to be a crazy train for months, no matter what. Looks like gold, silver, and oil may get expensive
Oil price is going to go up because there are over seven times as many market makers that are short as there are market makers that are long. They sre going to get squeezed. Crude could reach $80
Cushing is THE DELIVERY POINT for WTI. Current storage at Cushing is only about 3 million barrels above tank bottom! What nobody is talking about is that most of that storage voukd be mostly heavy crude with very little deliverable light sweet crude available to satisfy futures contract deliveries. Next week could get ugly for shorts.
There is simply not enough light, sweet crude at Cushing to stand behind any delivery demands between now and June 20 expiration. MMs are WAY TOO SHORT.
Brent / WTI premium is now only $1.25. If Squeeze has started, WTI could be premium to Brent next week.
MM are currently trying to run sell stops to help them liquidate shorts. It’s their only hope.
Do you realize U.S. crude production has risen 2.488 million bbl/d while Commercial storage has dropped 8.7%, and SPR storage has dropped 37% since Biden was inaugurated? How can that be possible? EIA overstating production? Nahhh, they’d never do that. Or would they?
Guess what happens when the inevitable production decline begins. Hint: Commercial Storage collapses! Its already happening folks. Short crude is not a good place to be. Best to all of you.
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