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The Panic Trade: A 20-Stock Defensive Growth Portfolio
DVN
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+9.43%
in
392 days
<> 
The accompanying table presents a 20-stock defensive growth portfolio which I believe will outperform the overall market as measured by the S&P 500 Index as the current panic trade comes to an end and investors stop selling stocks regardless of their fundamentals. The average PEG ratio for this group of stocks is below one and the average dividend yield of 4.4% is nearly two times the S&P 500 ETF (SPY) yield of 2.4%. All of the stocks have a market cap over $1B with an average of just under $75B and the indust...
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FCX, ATW, DVN: Ones to watch
DVN
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+4.36%
in
12 days
(closed on 08/18/08)
S&P Target Price: 137 We believe recent discoveries have shifted DVN's focus to organic production growth, from restructuring of historical acquisitions.We estimate that the successful production test of the deepwater Jack #2 well (DVN has a 25% working interest) in the Gulf of Mexico's Lower Tertiary Trend in 2006, and its Miocene-age discovery on the Mission Deep prospect (50%) in the Gulf of Mexico, have raised the company's production growth prospects through 2015, while its Chief Holdings acquisition has increased its presence and production outlook in the Barnett Shale.
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Devon Energy Corporation
DVN
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-43.94%
in
494 days
Devon Energy Corporation and its subsidiaries primarily engage in oil and gas exploration, development, and production; the transportation of oil, gas, and natural gas liquids; and the processing of natural gas. The company owns oil and gas properties principally in the Permian Basin within Texas and New Mexico; the Mid-Continent area of the central and southern United States; the Rocky Mountains area of the United States; the offshore areas of the Gulf of Mexico; and the onshore areas of the Gulf Coast, principally in south Texas and south Louisiana. It also owns oil and gas properties in ...
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Crude Oil Rally
DVN
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+5.85%
in
976 days
BULLISH CRUDE OIL
*Crude oil surprised today rising the most after two weeks after the Energy Department showed that crude oil supplies plunged 4.85 million barrels to 324.2 million barrels, 5.8 percent above the five-year average. Gasoline inventories dropped 3.75 million barrels to 216.4 million, 0.6 percent above the five-year average, the report showed. Crude Oil trading up $1.13 or 1.9% to settle at $61.82
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From the Blogosphere
Ultra Petroleum Impresses – Analyst Blog
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Natural gas producer Ultra Petroleum Corporation’s (UPL) third quarter results came in better than expected, primarily due to increased production. Earnings per share, excluding non-cash mark-to-market charge, came in at 57 cents, topping the Zacks Consensus Estimate by 11.8%.
However, in line with other onshore natural gas-focused companies – Devon Energy Corp. (DVN), XTO Energy Inc. (XTO), Anadarko Petroleum Corp. (APC) and Chesapeake Energy Corp. (CHK) – earnings and revenue comparisons with the year-earlier period were quite weak, severely hampered by the slump in commodity prices. U< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< /><>< /><>< /><>< /><>< /><>< /><>< /><><>< /><>< /><>< />< />...
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Devon Beats Estimates – Analyst Blog
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Devon Energy Corporation (DVN) posted better-than-expected results for the third quarter of 2009 due to increased production volume and favorable service and supply costs across all major operating segments. Adjusted EPS of $1.12 surpassed the Zacks Consensus Estimate of 92 cents.
This, however, was significantly lower than $5.68 recorded during the same period last year, because of significantly lower product prices in the quarter. Reported net income was $499 million or $1.12 per share, compared to $2.6 billion or $5.88 per share a year ago.
The combined oil, natural gas and NGL production ...
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Stock Market News for November 4, 2009 – Market News
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U.S. stocks wobbled Tuesday and ended the day mixed even as automakers reported improved auto sales and Warren Buffet’s Berkshire Hathaway said it would buy Burlington Northern Santa Fe Corp. Traders were reluctant to place big bets as they awaited the outcome of a two-day FOMC meeting which got underway Tuesday and Friday's monthly jobs report. Although expectations are the Fed would keep interest rates in the 0-0.25% range, Wall Street has been speculating if there would be a change of tone in the policy statement. <>On Tuesday, the 30-stock Dow Jones industrial average closed down 1...
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Cramer on BlogggingStocks: Go for nat gas, coal is doomed
DVN
Opportunities for Both Shorts and Longs in Natural Gas
<>Today’s inventory report brought back concerns of an oversupplied market. The U. S. Energy Department’s Energy Information Administration reported that natural gas stored in the lower 48 states amounted to 3.589 trillion cubic feet, an all-time seasonally adjusted high. Natural gas inventories are 491 billion cubic feet higher than they wer<><><><>< /><><><><><><><><>< />< /><><>...
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About Devon Energy Corp
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