Monday morning Devon leadership will start meeting on how to cut more cost. With Friday's OPEC meeting not reaching an agreement, oil prices will drop to $30. Until IRAN's introduction into the oil and gas market settles down prices will stay low, which is not good for the US Shale producers. The combination of not selling assets and low oil prices look for more deep employee cuts. Personally I can hope the the PE group is totally gone. I see this group as s total waste. The IT PM's have no business running oil and gas production projects. The ESS and EDM group certainly doesn't want them in their business. Anyone can watch budgets and keep spending in line. Devon is stuck with assets that are worthless in the current market. We over paid for the STACK Play. Look for anther 500 to go in June.
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I hope you keep making predictions. I will do the opposite of your advice and make a fortune! My heirs say thankyou!
Oil is up significantly since your prediction and Devon made first of several sales in non-core assets. Hope you don't invest.
You're a regular nastradamus!