When Devon Stock breaks below 35 Devon will be a ghost town. HUGE layoffs await and contractor cuts and I MEAN HUGE!!!! Projects put on hold and drilling stopped. It will be come a matter of survival. Then the question has to be asked will Devon be sold? Of course it could! They have to get the stock price up some how. The tower will be empty. Sept 8th will be a the black Tuesday as the exodus of people leave the building. Have lunch with you friends this week, they me be gone soon. Middle management supervisors will be gone. IT will be stripped of almost everyone except operational staff. Just remember it's not by choice Devon does this; The oil market is tanking and they have to survive. Layoffs and 25% cuts in salaries. Like the 80's the high paying jobs will be gone. You'll get what everyone else does. The oil bust will last 5 years or until there is a war In the gulf. Bad times for Oklahoma.
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If Devon stopped drilling the company would go bankrupt. They might lay down some rigs but they won't completely stop drilling.
So the stock went up 3.48% today, contracts ended anyway, so what is your stupid game? Let me guess, Devon was smart enough not to hire an idiot like yourself.
Any confirmation from anyone else?