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Stock impact report

Should You Buy Devon Energy Stock With Oil Prices Below $70 a Barrel? [Yahoo! Finance]

Devon Energy Corporation (DVN) 
Last devon energy corporation earnings: 2/18 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
However, it's currently down modestly for the year and was recently just below $70 a barrel. Crude oil pricing has a significant impact on the cash flows of oil producers like Devon Energy (NYSE: DVN) Here's a look at whether the current oil price affects the buy thesis for the oil stock Offsetting the oil price decline Devon Energy generated $1.7 billion in operating cash flow during the third quarter, an 8% increase from the previous quarter. That uptick came even though the company realized an average of $74.26 per barrel of oil sold during the period , down from $78.95 in the previous quarter. Devon offset the decline in oil prices by producing more oil and gas (its companywide production rose 4%), thanks to the strength of its Delaware Basin position across Texas and New Mexico and its acquisition of Grayson Mill Energy, which closed right near the end of September. The company also benefited from a 7% decline in production costs. The timing of the Grayson Mill Energy dea Show less Read more
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