I am thinking this will touch $20 by end of Q1 2016 or before ...
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I hate that I was right!
the ban was lifted and the first shipment left Texas already
Umm idiot below. The ban hasn't been lifted and won't be for some time. Also the ban doesn't help much right now at all because it's a distressed market across the board. They are feeling no pain and will continue through at least half of not all of this year over producing.
Most analyst are starting to predict major upside for Devon Energy. Maybe even top 10 performance for 2016.
http://www.marketwatch.com/story/10-favorite-stocks-on-wall-street-for-2016-2015-12-21
There are handful of energy companies that are in decent shape and have a good chance to show some profitability once all the write downs pass. Devon happens to be one of those companies.
Devon may be in a good position and most say that the stock is undervalued and could be a real winner when oil starts to climb.
By mid year we will see many of the players that have been holding on for a ray of hope die off and Saudi will soon decide that something must change. They can't keep running a 99 billion dollar budget shortfall. They could but they have already screwed up by making the US oil industry fight for survival, this in turn helped open the US Oil market to the rest of the world. When OPEC finally figures out they can no longer maintain their social programs because the bank is going to run dry. They will cut production and oil and Devon stock will climb quickly.
The US oil industry will steal even more of the OPEC customers, especially those in South America.
The Saudi's have screwed up because they never thought the Oil Export ban would drop. I for one can not wait to bend them over and tell them thanks for the new customers.
This management is going nowhere and so is the stock. This is the reality!
Unless you hold a majority stake (large investment firms / board / inner circle) it really doesn't matter does it? RSA is nothing more than a way of not paying people up front and making them work it off 25% a year... Golden handcuffs... Stock has been tanking for years. Go look at the 5 year curve on DVN stock. Also check out the number of shares being sold by the insiders (no confidence in it / if they did they would hang on to it / buy more shares, etc.)... Nothing has worked. The only constant is management and the board so if you want the price to go up then there will need to be a major shift in tactics and a thorough cleaning of management...