Thread regarding Devon Energy Corp. layoffs

Hedge Funds and Institutions Dumping Devon Stock

Follow the money. Chesapeake here we come.

https://www.nasdaq.com/market-activity/stocks/dvn/institutional-holdings

https://finance.yahoo.com/news/hedge-funds-selling-devon-energy-185559432.html

"Heading into the third quarter of 2019, a total of 36 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -10% from one quarter earlier. The graph below displays the number of hedge funds with bullish position in DVN over the last 16 quarters. So, let's examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves."

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Post ID: @OP+11YSwwpJ

4 replies (most recent on top)

@1hug: DH? Is that you???

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Post ID: @4ifn+11YSwwpJ

What exactly is Devon getting?? Not sure if any of these posters are following the market or the company closely. The only thing lagging is stock price- which, by the way, is a mirror image of several similar competitors. Releases have been good lately and if the company follows through on what they've told Wall Street it'll continue to be more attractive.

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Post ID: @1hug+11YSwwpJ

having done business with CHK AND DEVON for decades and having been a long time oil producer in 8 states, my view is Devon has followed a similar path in operation style to CHK. Wasting money at every juncture, horrible high cost operations in the field, right hand doesn't know what left hand is doing, or care, engineers (many with little experience) in charge of fields and regions that not only don't have access to profit and loss reports, but could not understand them if they did have access. this is first hand reporting. Devon deserves exactly what it is getting. Many of your own co-workers agree, sadly. Look into the future. Do any of you really see a Devon Energy alive and well in say...5 years?

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Post ID: @1qys+11YSwwpJ

If you think this is how CHK got where they are today, you might not want to quit your day job to focus on the stock market or finance

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Post ID: @1wdi+11YSwwpJ

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