devonenergy
Devon Energy may benefit from higher oil and natural gas prices this yearHowever, the extent of the incoming recession is unknownMuch of the world’s economy hinges on China’s reopening and economic recoveryChina recently indicated that it will spend $1 trillion dollars in infrastructure spending to get things moving again5 stocks we like better than Devon EnergyDevon Energy (NYSE:DVN) is poised to benefit from a couple of tailwinds for its gas and oil commodities this year. Q4 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartA...
ValueWalk
S&P 500 component Devon Energy (NYSE:DVN) is among the market’s best performers, outrunning its index by a wide margin. Energy continues to be a sector that’s home to stocks living up to the name, while others continue to languish. Year-to-date, Devon has advanced 64.20%, boosted more recently by a small uptrend in August, just as the broader market was declining. The stock is up 18.67% in the past month. Shares closed at $71.20 Monday, up $2.69 or 3.93%. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to...
ValueWalk
For much of this year, energy stocks were one of the very few places investors could hide in public equities, but that has changed. However, this could be a time to buy some of these stocks at a discount amid the more recent selloff. Enphase Energy Inc (NASDAQ:ENPH) and Devon Energy Corp (NYSE:DVN) could be two attractive picks, allowing investors to approach the energy sector from both the traditional and green energy sides. Enphase has been having a much easier time than Devon, but Devon could stand to gain if oil prices resume their upward march. Enphase EnergyEnphase Energy manufactures an...
ValueWalk
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