Nov. 14 at 12:57 PM
$DVN with buybacks and robust free cash flow in the headlines, investors seem to be responding to a shift in sentiment that hints at stabilizing growth prospects. Devon Energy’s narrative fair value estimate stands at
$44.86, well above the last close at
$35.22. Strategic midstream investments, including the full ownership acquisition of Cotton Draw Midstream, divestiture of the Matterhorn Pipeline, and new long-term gas sales agreements indexed to international and regional power prices, position Devon to benefit from rising demand for North American energy exports and greater energy security. These moves are expected to reduce cost volatility, improve realized prices, and stabilize future cash flows.
