1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (7317) 

Bill Nygren's Oakmark Comments on Devon Energy

July 10, 2012 | About:

From Oakmark's second-quarter 2012 letter:

Devon Energy (NYSE:DVN) is another exploration and production company, the stock of which has suffered because of declining commodity prices. We find it interesting that the financial press often characterizes Devon as a natural gas “play,” even though most of the company’s revenues come from liquids. Over the past three years, the stock has declined in price despite Devon’s significant growth in proved and probable reserves, as well as material debt reduction. Devon’s management understands capital allocation to be a paramount responsibility and has demonstrated this through savvy asset sales and purchases, and by accessing foreign capital through joint ventures.


Rating: 2.3/5 (6 votes)

Comments

Please leave your comment:


GuruFocus has detected 2 Warning Signs with Devon Energy Corp $DVN.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Holly LaFon


User Generated Screeners


alexbernal0Euclidian2
alexbernal0Euclidian
alexbernal0insiderOwners2
alexbernal0insiderOwners
hphan17Growth stock
pbarker46Cdn E & P
DANGORDONRETURN ON EQ 4-29-17
erilasDividendstrategie
HOLKLSUTake 5 Group Low Downside Cont
New MoonSmall Cap High ROIC
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK