Reported 1 day ago
Devon Energy's stock has dropped nearly 30% from its 52-week highs, closely following the decline in West Texas Intermediate crude prices. Although the company is facing dividend pressures due to its focus on debt reduction after a recent merger, it remains a strong player in the oil sector with significant production capabilities and a favorable low breakeven point. Investors looking for exposure to U.S. energy prices might find Devon Energy appealing, especially with the potential forDividend restoration in the future.
Source: YAHOO