Jul. 6 at 2:20 PM
$DVN Looks like a replay of last Thursday. Shorts making a run at
$40. The new board has a lot to lose if
$40 falls, especially with an activist investor breathing down their necks. They have an 8B buyback authorization available. It would be prudent to be deploying that capital now, given the stock is undervalued with a P/E of 11 and an average PT in the 50’s.