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Devon Energy - Übernahmekandidat? - 500 Beiträge pro Seite

eröffnet am 09.08.07 01:03:55 von
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09.08.07 01:03:55
Beitrag Nr. 1 ()
Devon Energy, WKN: 925345, ISIN: US25179M1036
in Deutschland gehandelt: M, B, F

Ich bin in diesem Wert schon seit Jahren investiert, zunächst indirekt über die von Devon Energy per Fusion übernommenen Unternehmen Seagull bzw. Global Explorer. Dadurch hat sich schon zweimal ein schöner Übernahmebonus ergeben. Nun steht Devon Energy als größter unabhängiger US-amerikanischer Öl- und Gasexplorer wieder vor einer möglichen Übernahmephase.

Es gibt seit längerem Gerüchte, denen zufolge Exxon Mobile Interesse an einer Übernahme von Devon Energy habe. Exxon könnte Devon quasi aus der Portokasse bezahlen. Für die Aktionäre von Devon gäbe es vermutlich, wie dies bei solchen Übernahmen üblich ist, eine großzügige Prämie auf den aktuellen Kurs.

Hat sich schon irgendjemand näher mit dieser Aussicht befasst?
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05.10.07 09:36:27
Beitrag Nr. 2 ()
The Wall Street Journal

September 28, 2007

Talk About Sale
Fuels Activity
In Devon Energy
By YVONNE BALL
September 28, 2007; Page C12

Investors turned to the energy sector as another takeover rumor swirled through trading desks.

This time talk focused on Devon Energy Corp., an oil and gas company based in Oklahoma City.

The unsubstantiated rumors -- Exxon Mobil Corp. was touted as a possible buyer -- created liquidity in October calls where the $85 and $90 strike prices were active, said Andrew Wilkinson, senior market analyst at Interactive Brokers Group.

"Volume [in these options] amounted to more than half of the day's volume and was equivalent to 13% of current open interest on the stock," he said.

As Devon's shares rallied 2.3% or $1.84 to $83.62 in 4 p.m. New York Stock Exchange composite trading, more than 27,200 call options in total changed hands, compared to almost 5,700 puts, representing about five times the recent daily average volume, according options-flow analytics firm TradeAlert.com.

In terms of the October $90 calls, just over 12,000 traded, compared with open interest of 5,270. As Devon's shares rose, the cost of the calls jumped 70 cents to 95 cents.

Almost 6,000 October $85 calls also traded, compared with open interest of 9,594.

Meanwhile, the Chicago Board Options Exchange boosted its line of volatility products, offering options for the first time on the CBOE Nasdaq-100 Volatility Index and CBOE Russell 2000 Volatility Index.

The options join those traded on the CBOE Volatility Index, which is derived from options on the Standard & Poor's 500-stock index. The indexes aim to reflect investor views of expected volatility over the next 30 days in the respective underlying indexes and can therefore be used as a barometer of investor sentiment.

Write to Yvonne Ball at yvonne.ball@dowjones.com1
URL for this article:
http://online.wsj.com/article/SB119093948426842026.html

Hyperlinks in this Article:
(1) mailto:yvonne.ball@dowjones.com


Copyright 2007 Dow Jones & Company, Inc. All Rights Reserved
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05.10.07 12:56:40
Beitrag Nr. 3 ()
04-Oct-07	Price hit new 52-week high ($86.67)
21-Sep-07 Price hit new 52-week high ($85.20)
20-Sep-07 Price hit new 52-week high ($84.23)



Das kann ruhig so weiter gehen... :D
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15.10.07 18:00:47
Beitrag Nr. 4 ()
11-Oct-07 Price hit new 52-week high ($89.55)
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19.10.07 12:14:27
Beitrag Nr. 5 ()
16-Oct-07 Price hit new 52-week high ($90.87)
15-Oct-07 Price hit new 52-week high ($89.85)
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27.10.07 20:31:50
Beitrag Nr. 6 ()
26-Oct-07 Price hit new 52-week high ($93.56)

Parallelflug zum gestiegenen Ölpreis... :D
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01.11.07 11:27:00
Beitrag Nr. 7 ()
29-Oct-07 Price hit new 52-week high ($94.75)
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01.11.07 11:34:11
Beitrag Nr. 8 ()
Neues Upgrade für Devon Energy

Link: http://biz.yahoo.com/tm/071031/16438.html?.v=1

TradingMarkets.com
Devon Energy Upgraded, Intel Downgraded
Wednesday October 31, 12:58 pm ET
By TradingMarkets Research

Today's list of Upgrades includes Devon Energy (NYSE: DVN - News), moving from "Blue to Green" and Downgrades includes Intel (NYSE:INTC - News), moving in the opposite direction, from "Green to Blue".

For long-term capital appreciation, you ideally want to invest in well established companies which are both safe and have the potential to increase in value. These two features have been the cornerstone of PowerRatings (for Investors). One of the easiest ways of achieving this is to make sure all the stocks in your portfolio are rated 8-10.

PowerRatings are color coded, stocks rated 1-3 in red, 4-7 in blue and 8-10 in green. So, a simple way of remembering what type of stocks you should own is to always "Stay in the Green".

When a stock you own moves from green to blue, replace it with a stock that has just made the opposite move, from blue to green. Our research shows that investors can outperform the market by a significant margin with this simple strategy.

Here's are some of today's stocks that moved from blue to green:



And here are some of today's stocks that moved from green to blue:



Stocks of Note

Devon Energy including its subsidiaries, is engaged primarily in oil and gas exploration, development and production, the transportation of oil, gas and NGLs and the processing of natural gas.

DVN shares have been outperforming versus its industry group and the market, with a 35% year-to-date return.

Intel develops advanced integrated digital technology platforms and components, primarily integrated circuits, for the computing and communications industries.

INTC shares have been outperforming versus its industry group and the market, with a 31.7% YTD return.

For Today's Top Rated Stocks go to www.PowerRatings.net.
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19.11.07 16:27:32
Beitrag Nr. 9 ()
Insiderverkäufe häufen sich bei diesem hohen Kursniveau:

http://biz.yahoo.com/ap/071115/devon_insider_transaction.htm…

AP
Devon Energy Executive Sells Shares
Thursday November 15, 4:06 pm ET
Devon Energy Senior Vice President Sells 7,063 Shares for $83.12 Apiece

NEW YORK (AP) -- A senior vice president of independent oil and gas producer Devon Energy Corp. sold 7,063 shares of common stock, according to a Securities and Exchange Commission filing Wednesday.

In a Form 4 filed with the SEC, Stephen J. Hadden reported he bought the shares for $83.12 apiece Tuesday.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Devon is based in Oklahoma City.
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23.01.08 20:06:35
Beitrag Nr. 10 ()
Unter dem sinkenden Ölpreis leidet natürlich auch ein Wert wie Devon Energy. Ein Ölpreis-Niveau um die 100 USD kann zur Zeit jedenfalls nicht als nachhaltig angesehen werden. Deshalb vermute ich, daß wohl die meisten frühen Käufer inzwischen bei Devon ausgestiegen sind oder wenigstens Teilgewinne realisiert haben. Das war immerhin noch zu Kursen um die 60 EUR möglich. Notierung heute bei knapp über 50 EUR, Tendenz weiter fallend.

Ich meine, daß sich derzeit keine neue Anlage in Devon oder anderen Explorern aufdrängt. Wann der richtige Zeitpunkt für einen Wiedereinstieg erreicht wird, hängt allein von der Entwicklung des Rohölpreises ab. Oberhalb 80 USD je Barrel würde ich jedenfalls keine neue Position aufbauen.
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05.02.08 16:30:49
Beitrag Nr. 11 ()
Habe heute erneut eine kleine Position verkauft. Bei zunehmenden Konjunktursorgen in den USA, scheint mir Devon mit derzeit EUR 59,40 sehr gut bezahlt.

Gestern hat Devon Energy außerdem ein umfangreiches Hegde-Programm auf 40% seiner Öl- und Gasproduktion für 2008 verkündet. Das Unternehmen sollte davon profitieren, falls die Preise schnell und stark fallen. Bei einem langsamen Preisrückgang bis Ende des Jahres legt Devon aber schon drauf. Bei anhaltend hohen Preisen verschenkt man sogar einen großen Teil der Einkünfte. Diese Art von Spekulation sollte meiner Meinung nach Hedgefonds vorbehalten bleiben. Devon als unabhängiger Öl- und Gasproduzent sollte besser sein ganzes Augenmerk auf die Steigerung der Produktivität und die Senkung von Kosten legen.
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17.07.08 13:11:53
Beitrag Nr. 12 ()
Um das Übergewicht von Devon im Depot abzubauen, habe ich auf dem Niveau von EUR 70 erneut ein paar Stücke verkauft, was sich, zufällig oder nicht, bisher gelohnt hat.

Inzwischen werden Devons Hedging Contracts auch von US-Anlegern etwas kritischer hinterfragt. Für das erste Quartal liegt der daraus entstandene Schaden bei etwas mehr als USD 700 Millionen. Für das erste Halbjahr wird mit einem Schaden aus den Hedging-Geschäften in Höhe von etwa USD 2 Milliarden gerechnet, ca. 4,5% der aktuellen Marktkapitalisierung des Konzerns. Weitere Belastungen sind bis Jahresende möglich bzw. ziemlich wahrscheinlich. Immerhin sind für das nächste Jahr noch keine Hedging Contracts angekündigt. Darauf würden Anleger z.Zt. auch eher allergisch reagieren.

Kaufempfehlungen, die monatelang wie am Fließband ausgesprochen worden waren, werden jetzt zunehmend zurückgenommen. So hat erst gestern Jim Cramer sein starkes Engagement in den Erdgasproduzenten Occidental und Devon als Fehler bezeichnet, einen Verkauf seiner eigenen Positionen angekündigt und damit vor großem TV-Publikum zum Verkauf geraten.

Langfristig bleiben die meisten Analysten für Devon und die gesamte Branche zwar positiv gestimmt, gerade auch im Hinblick auf eine zunehmende Substitution von Erdöl und Kohle durch das weniger klimaschädliche Erdgas. Kurzfristig könnte es aber noch weiter abwärts gehen, ein Rückgang "über Nacht" auf einen Kurs von USD 80 (akt. etwa EUR 50) wird nicht ausgeschlossen.

Die Party scheint also nicht endgültig vorüber zu sein, eine längere Erholungspause ist jedoch nicht auszuschließen. Leider läßt sich auch das Einzelwert-Risiko in dieser Branche nicht gut umgehen (siehe Verluste durch Hedging Contracts). Zwar könnte man noch Wettbewerber wie Occidental, Anadarko oder Apache ins Depot holen, das wäre aber zeitraubend in der Recherche und Beobachtung. Wer nahe am "Thema" bleiben möchte, für den käme meiner Meinung nach noch am ehesten ein nur in den USA gehandelter ETF auf die gesamte US-Branche der Öl&Erdgas-Exploration&Produktion in Frage, nämlich NYSE:IEO. Einzelne Werte daraus, wie z.B. Devon als zweitstärkster, ließen sich gezielt als Einzeltitel dazukaufen, um Akzente auf bestimmte Förderregionen oder Fördertechnologien zu setzen.
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10.09.08 18:32:31
Beitrag Nr. 13 ()
Trimming Two Energy Plays, and Adding a New Position
I am going to sell 200 shares of Devon (DVN:NYSE) and 200 shares of Cabot (COG:NYSE) into strength today, and I'll use the proceeds to begin a new position in General Electric (GE:NYSE). I will sell DVN around $91 and COG around $37, and I'll buy 500 shares of GE at $28 or below.

GE is a diversified industrial company with a market cap of $275 billion and a three-year expected growth rate of 10% to 12%. The stock's dividend yield is very attractive at about 4.3%, and the valuation is good. GE trades at roughly 11.5 times next year's earnings, 7 times EV/EBITDA and at a 6% discount to the market (average is a 10% premium). I am buying the stock today because of its attractive valuation, diverse businesses and because it's a backdoor way to play the gradual improvement in its financial services business, which is about half of the company's earnings.

Because it is such a large company, I want to break it down for you. GE is divided into four segments: two Infrastructure segments (Technology and Energy), GE Capital and NBC Universal. The Energy Infrastructure group is comprised of energy, water and oil and gas. The Technology Infrastructure unit is aviation, enterprise solutions, health care and transportation. GE Capital is made up of aviation financial services, commercial finance, energy financial services, GE Money and Treasury. And NBC Universal is cable, film, international, network and sports/Olympics. It has long been speculated that CEO Jeff Immelt would sell/spin off the NBC business, and I believe investors would applaud the move because it is so different from the rest of the company. But if it keeps the unit, GE remains much more diversified, and that is attractive to me.

The attractive parts to the story are Infrastructure (up 26% in the second quarter) Healthcare (up 11% in the second quarter) and the eventual turnaround in its Financial division. Despite the challenges in financial services, Commercial Finance saw 14% revenue growth in the second quarter, and GE Money was up 6%. Industrials will remain challenging given the global slowdown, but the company is spinning off its most troubled unit within industrial -- consumer and industrial group -- next year, so that's a plus, and its backlog continues to grow.

The recent partnership with Abu Dhabi's Mubadala Development is also a positive. Mubadala intends to become one of GE's top 10 shareholders in exchange for a team project work in the Middle East. That's 120 million shares that would have to be bought in the open market, which will act as a great support to the shares over time. Also as support will be GE's $12.5 billion stock buyback program, which is about 4% of the shares outstanding at current levels; the shares will be repurchased over the next three years.

So GE has the potential to produced low-double-digit earnings growth in the long term and is trading at a slight discount to that growth. Its Infrastructure segment continues to put up impressive results despite the global slowdown, and its growing Healthcare unit positions GE nicely for capturing the aging population of the baby boomers. Steady cash flow, rising return on capital and an exceptionally strong balance sheet are also very attractive. The company will continue to make small acquisitions to fuel its organic growth in the future.

I will own 500 GE shares, or 0.5% of the portfolio, as a starting position; I'll gradually build this quality position into the fund. After my sales, I will own 2,000 shares of COG, or 2.32% of the portfolio, and 200 shares of DVN, or 0.61%.

Regards,

Jim Cramer

Click here to trade alongside Cramer! http://www.thestreet.com/staticFull/aap-... offer_alert.html

DISCLOSURE: At the time of publication, Cramer was long COG and DVN.
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22.12.08 19:12:07
Beitrag Nr. 14 ()
Devon Energy zeigt sich wie alle Öl- und Gasexplorer bzw. Produzenten weiter belastet durch den fallenden Ölpreis. Wegen der sich drastisch verschlechternden weltweiten Wirtschaftslage dürfte der Ölpreis auch in 2009 unter Druck bleiben, weshalb vorerst kaum Aussicht auf eine Kurserholung für Devon Energy und andere Independants besteht.

Wegen des äußerst marktengen Handels in Frankfurt habe ich vor ein paar Wochen wieder auf dem Niveau 60 Euro verkauft, um nicht bei einem plötzlichen Kurssturz im illiquiden Nebenmarkt "gefangen" zu sein. Eine Neuanlage käme für mich erst wieder in Frage, wenn sich das konjunkturelle Gesamtbild, vor allem in den USA, etwas aufhellen sollte. Dann würde die Order aber im Hauptmarkt in New York erfolgen.

Frohe Feiertage und ein erfolgreiches Börsenjahr 2009!
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06.01.09 11:08:31
Beitrag Nr. 15 ()
Nachkauf bei knapp unter 46 EUR am vorletzten Handelstag '08. Das dürfte die letzte steuerbegünstigte Gelegenheit gewesen sein. Für deutsche Anleger heißt es ab jetzt entweder alte Positionen lange halten oder mit neuen möglichst renditeträchtig traden. Für letzteres muss man den engen Handel in Deutschland bedenken und evtl. an die NYSE ausweichen oder besser gleich direkt in Öl- oder Gas-Derivaten spekulieren.

Die meisten werden vermutlich ihre alten Aktien nicht mehr anrühren, zumindest habe ich das so vor.
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05.02.09 11:42:39
Beitrag Nr. 16 ()
Devon meldet für das vierte Quartal einen dicken Verlust:

http://www.wallstreet-online.de/nachrichten/nachricht/267398…

Dieser Quartalsverlust resultiert aus den nach gegenwärtigen SEC-Regeln vorgeschriebenen Wertberichtigungen auf die Öl- und Gasreserven bzw. Resourcen, d.h. Abschreibungen. Die entsprechenden Buchhaltungsregeln werden für 2009 geändert, so daß eine gleichmäßigere Wertermittlung möglich wird. Bei steigenden Öl- und Gaspreisen wäre mit dann wieder mit Zuschreibungen zu rechnen.

Operativ ist das Geschäftsjahr 2008 trotz des Preisverfalls gut gelaufen. Anscheinend so gut, daß Devon am Bau des geplanten Hochhauses für das Hauptquartier in Oklahoma festhält. Barreserven von etwa 3 Milliarden Dollar sollten dies sowie eine weitere Expansion ermöglichen. Gleichzeitig ist auch eine Reduzierung von Kosten zu erwarten, vor allem durch Herunterfahren der zuletzt sehr teuren Erschließungsaktivitäten. Die Fremdkapitalquote lag meines Wissens im letzten Quartal bei etwa 19%, ein ganz passabler Wert.

Die aktuelle Analysteneinschätzung lautet Hold. Ich denke, dem kann man sich anschließen.
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23.03.09 09:33:46
Beitrag Nr. 17 ()
Interessante Branchenanalyse mit zahlreichen Kennzahlen, auch zu DVN:

http://www.mcdep.com/mr90303.pdf

Der Analyst verfolgt seit Jahren diesen Sektor. In den letzten 6 Monaten nahm er seine Annahmen für den mittelfristigen Öl- und Gaspreis stufenweise zurück und merkt in den letzten Berichten erstmals auch an, daß die Marktpsychologie ein nicht unerheblicher Faktor für die weitere Kursentwicklung sei. Ich werte dies als positives Zeichen, insofern, daß die aktuellen Analysen kaum noch Raum für Übertreibung aufweisen und die Bewertungen einigermaßen verlässlich sein sollten. Vielleicht gibt der ansteigende kurzfristige Trend der zurückliegenden 4 Wochen hierfür eine Bestätigung.
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07.07.09 18:55:53
Beitrag Nr. 18 ()
Da war letzte Woche ein interessanter Artikel über horizontales Bohren nach Gas in der FTD. Devon wurde erwähnt.
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07.07.09 19:03:44
Beitrag Nr. 19 ()
01.06.2009 17:01
Devon Energy Announces Cash Dividend for Common Stockholders

OKLAHOMA CITY, June 1 /PRNewswire-FirstCall/ -- Devon Energy Corporation today announced that its board of directors declared a quarterly cash dividend on Devon's common stock for the second quarter of 2009. The dividend is payable on June 30, 2009, at a rate of $0.16 per share based on a record date of June 15, 2009.

Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production. Devon is the largest U.S.-based independent oil and gas producer and is included in the S&P 500 Index. For more information about Devon, please visit our website at http://www.devonenergy.com/." target="_blank" rel="nofollow ugc noopener">http://www.devonenergy.com/.

Devon Energy Corporation

CONTACT: Investors, Zack Hager, +1-405-552-4526, or Media, Chip Minty,
+1-405-228-8647, both of Devon Energy Corporation

Web Site: http://www.devonenergy.com/
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20.07.09 15:22:34
Beitrag Nr. 20 ()
Antwort auf Beitrag Nr.: 37.528.266 von R-BgO am 07.07.09 19:03:44Die Quartalsdividende ist wie immer: 0,16 USD. Damit das so bleiben kann oder noch besser wird, bemüht sich Devon derzeit, die Kosten für die Erschließung neuer Gasquellen deutlich zu reduzieren. Späte Einsicht, aber immerhin:

http://www.forbes.com/2009/07/16/george-mitchell-gas-busines…
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28.12.09 13:28:57
Beitrag Nr. 21 ()
Devon Energy Corporation (DVN - Analyst Report) has agreed to sell three of its Gulf of Mexico assets to Maersk Oil for $1.3 billion. The divestiture would include Devon’s 50% interest in the Cascade project and its 25% interests in the Jack and St. Malo projects. All three projects are located in the deepwater Walker Ridge federal lease area offshore Louisiana.

The divestiture of these assets marks the start of Devon’s initiative to reposition itself into a pure North American onshore company. In November 2009, Devon announced plans to divest its Gulf of Mexico and international assets. The company plans to use the proceeds from these divestitures for debt reduction and to accelerate growth of its North American onshore assets.

Devon estimates to reduce its 2010 capital expenditure budget by about $400 million by off-loading its Gulf of Mexico assets. After-tax proceeds from this transaction are expected to total $1.1 billion. The company estimates the aggregate after-tax proceeds from the planned divestitures, including this transaction, to be $4.5 billion to $7.5 billion.

The effective date for the divestiture is Jan 1, 2010, with closing expected by Feb 1, 2010. The closing is subject to approval of other working interest holders, fulfillment of closing conditions and regulatory approvals. The company expects to begin with discussions for all the remaining divestiture assets in the first quarter of 2010.
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11.03.10 10:41:25
Beitrag Nr. 22 ()
Hallo,
es geht langsam los! Zwar keine Übernahme, aber immerhin...

Hier der Grund:

http://www.finanznachrichten.de/nachrichten-2010-03/16349238…

http://news.smh.com.au/breaking-news-world/bp-to-pay-7-bln-d…

usw.

Gruß
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11.03.10 14:05:34
Beitrag Nr. 23 ()
Antwort auf Beitrag Nr.: 39.111.522 von woehe am 11.03.10 10:41:2511.03.2010 11:11

DJ UPDATE: BP übernimmt Ölfelder von Devon Energy

Von Jeffrey Sparshott
DOW JONES NEWSWIRES


LONDON (Dow Jones)--Der britische Ölkonzern BP kauft von seinem US-Wettbewerber Devon Energy für 7 Mrd USD Vermögenswerte in Brasilien, Mexiko und in Aserbaidschan. Unter anderem werde man von Devon Energy Ölfelder vor der Küste Brasiliens übernehmen, teilten die Briten am Donnerstagvormittag mit. In der Region ist BP bislang nicht vertreten und hier waren zuletzt die größten Ölfunde der vergangenen zehn Jahre gemacht worden, etwa das Ölfeld Tupi mit einer erwarteten Kapazität von 5 Mrd bis 8 Mrd Barrel Öl.

Vor der Küste Brasiliens war bislang vor allem der heimische Produzent Petrobras tätig und nur einige kleinere westliche Ölkonzerne. Devon ist nur ein mittelgroßer Ölkonzern und hat nicht die finanziellen Kapazitäten zur Entwicklung aller seiner Ölfelder.

"Mit dem Einstieg in Brasilien erhält BP eine bedeutende Position in einem weiteren attraktiven Tiefseebecken", sagte Andy Inglis, der CEO des Geschäftsbereichs "Exploration and Production". Der vielfältige Deal stärkt auf der einen Seite die Stellung von BP im Golf von Mexiko und vor der Küste Aserbaidschans. Auf der anderen Seite erhält Devon dadurch einen Anteil an noch unerschlossenen Ölsandvorkommen im kanadischen Alberta.

In US-Gewässern im Golf von Mexiko fügen die Briten ein Portfolio von 240 Pachtungen hinzu. Dazu gehört auch die 30%-Beteiligung von Devon an der bedeutenden paläogenen Entdeckung Kaskida, womit BP nun 100% der Anteile an dem Projekt hält. In Aserbaidschan kauft BP Devons Anteil von 5,63% an dem von BP betriebenen Azeri-Chiraq-Gunashli-Projekt im kaspischen Meer. Dadurch erhöht sich der Anteil der Londoner auf 39,77%.

Unterdessen zahlt Devon 500 Mio USD für 50% an dem unerschlossenen Ölsandvorkommen Kirby, das in der Nähe des von Devon betriebenen Jackfish-Projekts liegt, das bereits 2007 mit der Produktion begonnen hat. "Wir erwarten, dass die Transaktion die Entwicklung des Kirby-Assets beschleunigt und wir eine sichere Quelle für kanadisches Schweröl für unsere Whiting-Raffinerie erhalten, sagte Inglis weiter.

Analysten blicken hingegen vor allem auf den Teil der Vereinbarung, der sich auf die potentiell ergiebigen brasilianischen Ölvorkommen bezieht. "Das ist ein brauchbarer Eintrittspunkt für BP in Brasilien", sagte Analyst Peter Hutton von NCB Stockbrokers.


Webseiten: www.bp.com
www.devonenergy.com

-Von Jeffrey Sparshott, Dow Jones Newswires,
+49 (0)69 29725 104, unternehmen.de@dowjones.com
DJG/DJN/ebb/jhe
Besuchen Sie auch unsere Webseite http://www.dowjones.de


(END) Dow Jones Newswires

March 11, 2010 04:41 ET (09:41 GMT)

Copyright (c) 2010 Dow Jones&Company, Inc.


© 2010 Dow Jones News

http://www.finanznachrichten.de/nachrichten-2010-03/16350408…
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12.04.10 08:08:01
Beitrag Nr. 24 ()
Devon Energy Virtually Eliminates Debt
by: Kurt Wulff April 12, 2010 | about: DVN


Selling $10 billion of properties, buy-recommended Devon Energy (DVN) is divesting its offshore and international resources to concentrate its oil and gas operations onshore North America with special emphasis on shale gas and oil sands. The sale of $8 billion to buy-recommended BP plc (BP) announced on March 11 triggers our revised analysis with no change to estimated Net Present Value (NPV) of $98 a share.

Applying the expected proceeds to virtually eliminate debt lowers McDep Ratio and increases unlevered appreciation potential to 39%. Removing the production of divested properties from our projection reduces unlevered cash flow (Ebitda) modestly. While the proceeds of the sales reduce Enterprise Value by 19%, weighted reserves decline just 6%.

Revised cash flow and adjusted reserve life readily support estimated NPV in an industry context. Shale gas increases by 14% in the U.S. and 12% in Canada in share of future potential as measured by probability-adjusted resources, while Gulf of Mexico and International no longer represent 23% and 9%. With newly minimal financial risk, Devon is an appealing investment as the lowest McDep Ratio large cap independent oil and gas producer.
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01.05.10 11:52:54
Beitrag Nr. 25 ()
30.04.2010 16:09
Devon Energy Announces Sale of Panyu Field in China


OKLAHOMA CITY, April 30 /PRNewswire-FirstCall/ -- Devon Energy Corporation today announced that it has agreed to sell its producing Panyu field located offshore China to China National Offshore Oil Corporation for $515 million, or approximately $370 million after tax. During 2009, Devon's production from the Panyu field was approximately 12 thousand barrels of oil per day.

"Since announcing our plans this past November to strategically reposition the company to focus on its world-class North American onshore assets, we have divested nearly $10 billion of Gulf of Mexico and international assets," said Larry Nichols, Devon's chairman and chief executive officer. "This translates into an estimated $7.9 billion in total after-tax proceeds, easily exceeding the top end of our initial expectations of $4.5 to $7.5 billion."

Completion of the transaction is subject to customary closing conditions and regulatory approvals. The company has now announced the sale of the majority of the divestiture assets. The divestiture process is ongoing for Devon's remaining exploration assets in China and Angola, as well as other minor international assets. Devon expects the closings of all divestitures to be completed prior to year-end. The company plans to provide updates to guidance for 2010 production, expenses and capital expenditures as the transactions are closed.

Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production. Devon is a leading U.S.-based independent oil and gas producer and is included in the S&P 500 Index. For additional information, visit http://www.devonenergy.com/.
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05.05.10 13:04:04
Beitrag Nr. 26 ()
05.05.2010 12:56
Devon Energy Earns $1.2 Billion in First Quarter 2010; Announces Initiation of Share Repurchase Plan

OKLAHOMA CITY, May 5 /PRNewswire-FirstCall/ -- Devon Energy Corporation today reported net earnings of $1.2 billion for the quarter ended March 31, 2010, or $2.67 per common share ($2.66 per diluted common share). This compares with a first-quarter 2009 net loss of $4.0 billion, or $8.92 per common share ($8.92 per diluted common share).

Devon also announced today that its board of directors has authorized the repurchase of up to $3.5 billion of the company's common stock. Devon plans to begin purchasing shares immediately. The shares will be acquired in the open market, and the timing of purchases may depend upon market conditions.

Earnings of $1.85 per Share Excluding Items Not Estimated by Analysts

First-quarter 2010 reported net earnings of $1.2 billion were affected by certain items securities analysts typically exclude from their published estimates. Excluding these adjusting items, Devon earned $831 million or $1.85 per diluted common share. The most significant of the adjusting items was a non-cash, unrealized gain on oil and natural gas derivative instruments of $524 million pre-tax ($335 million after tax). This and other adjusting items are discussed in more detail later in this release.

Gulf of Mexico and International Divestitures Total $9.9 Billion to Date

In 2009, Devon announced it would divest its Gulf of Mexico and international properties. To date, the company has announced sale agreements for the majority of its divestiture assets with aggregate proceeds totaling $9.9 billion, before taxes. In the first quarter of 2010, Devon closed on the sale of three lower tertiary discoveries in the deepwater Gulf of Mexico receiving $1.3 billion pre-tax. Subsequent to quarter-end, the company closed on the sales of its remaining deepwater Gulf of Mexico properties. Devon has now essentially completed its exit of the deepwater Gulf of Mexico. The company expects to close on the remaining asset sales throughout 2010 and finalize the entire restructuring process by year-end. Devon now estimates the total pre-tax proceeds from the divestitures to exceed $10 billion with after-tax proceeds approximating $8 billion.

"With Devon's strategic repositioning nearing completion, we could not be more pleased with the results," said J. Larry Nichols, chairman and chief executive officer. "Devon is emerging with a rock-solid balance sheet, a balanced portfolio of oil and gas projects and one of the lowest cost structures in the peer group. This positions the company to deliver low-risk, profitable, organic production growth on a sustainable basis."

In accordance with accounting standards, Devon has reclassified the assets, liabilities and results of its international segment as discontinued operations for all accounting periods presented in this release. Although revenues and expenses for prior periods were reclassified, there was no impact upon previously reported net earnings. Included with this release is a table of revenues, expenses, and production categories and the amounts reclassified as discontinued operations for each period presented.

Although Devon is in the process of selling all of its Gulf of Mexico assets, these assets do not qualify as discontinued operations under accounting standards. However, information is provided within this release to enable the reader to isolate results of the company's operations that will be retained following the divestitures.

First-Quarter Operating Highlights

Devon drilled 454 wells in the first quarter of 2010 with a success rate of almost 100 percent. The following are highlights of first-quarter exploration and development activity:

-- Gross production from Devon's first Jackfish oil sands project reached design capacity of 35,000 barrels per day in the first quarter of 2010. Located in Alberta, Jackfish is 100-percent owned by Devon and has an estimated 300 million gross barrels of recoverable resource. -- Construction for the second Jackfish project remains on schedule and is now over 75-percent complete. Devon expects Jackfish 2, which is also sized to produce 35,000 barrels of gross production per day, will commence steam injection in the second quarter of 2011. The company also expects to file a regulatory application for a third, similarly-sized Jackfish project in the third quarter of 2010. -- In March, Devon announced it will add to its Canadian oil position by acquiring 50 percent of BP's interest in the Kirby oil sands leases for $500 million. The Kirby leasehold lies adjacent to the company's highly successful Jackfish project and has estimated gross recoverable resources of up to 1.5 billion barrels. Devon will operate the project, and delineation drilling at Kirby is expected to begin in the second half of 2010. -- In its emerging Wolfberry oil play in the Permian Basin, the company drilled 20 wells and increased net production to approximately 5,000 barrels per day. -- Also in the first quarter, Devon increased its lease position in the Cana-Woodford Shale to 180,000 net acres. The company added 16 new wells to production in the quarter, increasing average net production in the play to 73 million cubic feet of gas equivalent per day. -- The company's net production from the Barnett Shale field in north Texas averaged 1.1 billion cubic feet of natural gas equivalent per day in the first quarter of 2010. This was five percent greater than production in the fourth quarter of 2009. -- Devon completed three Haynesville Shale wells within Shelby and Nacogdoches counties in the first quarter. Initial 24-hour production rates for the three horizontal wells averaged six million cubic feet of gas equivalent. Devon has a 100 percent working interest in the wells. Higher Prices Increase Oil and Gas Sales

Sales of oil, natural gas, and natural gas liquids from continuing operations were $2.1 billion in the first quarter of 2010. Comparable sales for the same period in 2009 were $1.4 billion. This 50 percent increase in sales was attributable to higher realized oil, natural gas, and natural gas liquids pricing.

Devon's average realized oil price increased 115 percent in the first quarter of 2010, to $67.58 per barrel. This compares with an average realized price of $31.41 per barrel in the first quarter of 2009. The company's average realized natural gas price increased 29 percent to $4.80 per thousand cubic feet in the first quarter of 2010, as compared to $3.73 per thousand cubic feet in the year-ago period.

Marketing and midstream operating profit was $133 million in the first quarter of 2010. This was a nine percent decrease compared to the first quarter of 2009. The decrease resulted from lower gas marketing margins partially offset by higher commodity prices.

Lower Costs in Most Expense Categories

First-quarter 2010 expenses in most categories decreased from the first quarter of 2009. Lease operating expenses in the first quarter of 2010 were $414 million, or six percent lower than the year-ago quarter.

Taxes other than income taxes increased 13 percent, to $101 million in the first quarter of 2010. This increase was driven by higher production taxes resulting from higher oil and gas revenues.

First quarter depreciation, depletion and amortization expense declined by 24 percent in 2010, to $426 million. Unit DD&A was $7.63 per Boe in the first quarter of 2010.

Devon also reduced costs related to general and administrative expenses (G&A) in the most recent quarter. First-quarter 2010 G&A expense was $138 million, or 16 percent lower than the first quarter of 2009. Operational efficiencies realized through restructuring led to lower G&A expenses for the quarter.

Cash Flow Increases 45 Percent; Debt Repayments Further Strengthen Balance Sheet

Cash flow before balance sheet changes reached $1.4 billion in the first quarter of 2010, a 45 percent increase over the first quarter of 2009. In addition, Devon received $1.3 billion of pre-tax proceeds from the sale of three lower tertiary discoveries in the deepwater Gulf of Mexico. Devon utilized this cash in the first-quarter to fully fund its capital program and repay $1.2 billion of commercial paper borrowings. The company ended the quarter with cash on hand of $1.2 billion and a net debt to adjusted capitalization ratio of 22 percent. Reconciliations of cash flow before balance sheet changes, net debt and adjusted capitalization, which are non-GAAP measures, are provided in this release.

Items Excluded from Published Earnings Estimates

Devon's reported net earnings include items of income and expense that are typically excluded by securities analysts in their published estimates of the company's financial results. These items and their effects upon reported earnings for the first quarter of 2010 were as follows:

Items affecting continuing operations: -- A change in the fair value of oil and natural gas derivative instruments increased first-quarter earnings by $524 million pre-tax ($335 million after tax). -- A change in the fair value of other financial instruments decreased first-quarter earnings by $1 million pre-tax ($1 million after tax). Items affecting discontinued operations: -- The decision to divest all international assets generated financial benefits that increased first-quarter earnings by $41 million pre-tax ($27 million after tax).

The following tables summarize the effects of these items on first-quarter 2010 earnings, income taxes and cash flow. Included in the tables are the tax effects resulting from oil and gas property divestitures that did not affect net earnings.
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13.07.10 17:19:54
Beitrag Nr. 27 ()
13.07.2010 17:01
Devon has well blowout at Canadian oil sands project


CALGARY, Alberta, July 13 (Reuters) - A well at Devon Energy Corp's Canadian oil sands operations had a blowout on Saturday that took nearly 35 hours to get under control, Alberta regulators said.

The well, part of Devon's Jackfish project in northern Alberta, blew a mixture of steam and oil over the project area, though regulators are as yet unsure how much oil was released and will audit production record to determine how much was spilled.

In the interim, the Alberta Energy Resources Conservation Board, which oversees energy projects in the province, has shut down six wells at the 35,000-barrel-a-day oil project.

'We are taking this very seriously,' said Darin Barter, a spokesman for the ERCB. 'If there is an issue on the site, we want to make sure it's resolved.'

The Jackfish project uses the steam-assisted gravity drainage process to produce the oil sands reserves. The technology uses paired wells; an injector well that pumps steam into the oil-bearing sands, liquefying the tarry bitumen which gathers into a producer well and flows to the surface.

It was the producer well that blew out on the weekend, spraying a mist of steam and oil.

Devon did not issue a release on the blowout, and officials from the company's Canadian operations could not be immediately reached for comment on the incident.

Devon shares fell 9 cents to $63.41 midmorning on Tuesday on the New York Stock Exchange. (Reporting by Scott Haggett) Keywords: DEVON BLOWOUT/
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06.08.10 11:12:03
Beitrag Nr. 28 ()
Devon: Quietly Creating Shareholder Value
2 comments | by: Devon Dolan August 05, 2010 | about: BP / CVX / DVN / XOM / XTO


There is the old adage “it's better to be lucky than smart.” Devon Energy (DVN) strikes me as a company that does well at being both. The company managed to exit and monetize its offshore oil business just prior to the BP disaster and continues to monetize assets and pay down debt (1.7 billion YTD) strengthening its cash position, and buying back company stock. To put things in perspective, Devon has approximately 30 billion in market cap and expects to receive somewhere between 8 to 8.5 billion after tax proceeds once all deals are closed. (They have currently closed on 4.6 billion in after tax proceeds of all planned divestures.) The assets sold represent about 10% of Devon’s production, yet represent over 20% of the company’s enterprise value. Apply that metric broadly across all of Devon’s assets and you can see where I’m going with this. The company is also growing production, but that is par for the course so let’s take it further:

The company is buying back its stock. To date it has purchased 3% of its outstanding shares; 7.6 million shares at approximately 65.13 a share and another 11.9 million shares at approximately 63.94. Traders – alert yourselves to this price floor. The total buy back seeks to purchase 3.5 billion dollars in shares over the next 12-18 months, ultimately reducing share count by 12%.

They have exited the offshore oil business. Going forward, many would agree offshore drilling is going to be a nightmare in terms of rising costs, higher risk profiles, and burdening regulatory oversight. Consider that any slip in the waters risks a company’s franchise, and any management team worth their salt will be placing a premium on that risk. With the proceeds from those divestitures, Devon offers itself and its shareholders optionality - they can cherry pick deals at their leisure. For example - they recently announced a 50% working interest in BP’s Kirby oil sands play for 500 million dollars. This play is geographically adjacent to Devon’s existing Jackfish play. A relatively small deal, but an example of acquiring good assets with only incremental capital expenditure as nearby infrastructure is already in place. I suspect you will see more of this type of synergistic asset acquisition. One could add that from a secular perspective, future production limitations from the offshore oil business need to be replaced, and oil sands assets represent a primary source of replacement. Devon is active in sands plays.

Devon trades at 4.1X 2011E EV/EBITDA versus a 4.5X average for peers. Yet, should in my opinion, trade at a significant premium to peers due to its outstanding management team. Additionally, the market's ongoing hatred for Natural Gas assets and misguided certainty that Natural Gas prices will remain low forever, places very little value on Devon’s dominating position in North American Natural Gas plays. Even after XOM purchased XTO and Chevron (CVX) quietly acquires gas acreage, the market remains blind to the longer term picture. Not to mention that the perception of our vast and supposedly never ending supply of gas fails to account for the rapid depletion of well of life (supply) – or the fact that our government is actually considering legislation to subsidize the conversion of 18 wheelers from diesel to natural gas (demand). As a pure commodity, Natural Gas is perhaps one of the most undervalued assets across the commodity spectrum – but that is another article. The point is simply that when Natural Gas prices rise (yes I said when) Devon will be in an ideal position to profit. Again, embedded optionality. In the meantime - they continue to execute and create value for their shareholders despite sub optimal gas prices – something most other E&P companies are incapable of achieving.

I would not be surprised to see this company purchased outright somewhere between 80-90 dollars per share. The world class assets are de-risked, the balance sheet is solid, and the company’s former CEO (Now Chairmen) is perhaps approaching the twilight of his stellar career.
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18.08.10 20:43:36
Beitrag Nr. 29 ()
8-18-10 1:46 PM EDT | E-mail Article

HOUSTON -(Dow Jones)- Devon Energy Corp.'s (DVN) chief executive said Wednesday he expects a wave of merger and acquisitions to happen in the next two years among independent natural gas producers as companies face persistent lower commodity prices, rising costs and lack of investment.
"I can see a period of significant consolidation in a couple of years," said John Richels, who was speaking at the NAPE Expo conference in Houston.

Consolidation should have already happened, but natural gas companies have been able to keep drilling intensively even at low commodity prices thanks to an infusion of about $44 billion from Wall Street, Richels said. But the flow of money is expected to sharply decrease soon, forcing financially-stressed companies to sell. Richels said Devon won't be an active player in the expected wave of mergers and acquisitions.

Consolidation along with the expiration of hedges that were set at much higher prices in 2008 would help natural gas prices to recover starting next year, Richels said.

"We believe that as we go into 2011 we will see a reduction of activity in the natural gas side that could drive prices up."

Much of the current drilling for natural gas in the U.S. isn't profitable at current prices, he added.

The head of Devon said that drilling costs for the natural gas and oil industry onshore the U.S. has significantly increased and that the trend is expected to continue. The cost of pressure pumping, a key service used in exploiting deeply buried shale-rock formations, increased 13% in the first half of the year and it's expected to increase 5% in the second half. Shale gas currently represents 15% to 16% of the total U.S. natural gas production, he said.

If Congress accepts the recommendation of President Barack Obama to repeal tax credits for the oil industry next year, such as the intangible drilling credits, Devon's cash flow could be cut by $850 million, Richels said. That will impact the company's capital expenditure budget for 2011, which is expected to be about $5 billion, he said.

There hasn't been a significant shift to onshore U.S. from companies that had operations in the Gulf of Mexico after the Deepwater Horizon oil spill, Richels said. Companies don't make that type of major decision in such a short period of time, he added.
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12.01.11 10:46:20
Beitrag Nr. 30 ()
Sean Murphy, Associated Press, On Tuesday January 11, 2011, 8:09 pm EST

OKLAHOMA CITY (AP) -- The chairman of Devon Energy Corp. said Tuesday he expects a "revolution" in the growing use of natural gas as a power source for electricity-generating facilities across the country.

Speaking to a group of freshman state lawmakers, Devon Energy co-founder and Chairman Larry Nichols said new technologies have dramatically increased the amount of natural gas available in the U.S., providing a more reliable source of energy for electric plants. Those technologies include horizontal drilling and hydraulic fracturing, which uses pressurized fluid and sand to break open oil-bearing rock.

"We're in the midst of going through a revolution," Nichols said. "That's going to change things dramatically in terms of power generation in this country."

Coal remains by far the largest source of electricity generation in the U.S., accounting for more than 1.7 billion megawatt hours of electricity in 2009, according to the U.S. Energy Information Administration. But natural gas surpassed nuclear as the second-most used source of electric power in 2006, and has steadily increased since 2008. Natural gas accounted for 920 million megawatt hours of electricity in 2009.

"If the fuels are allowed to compete, then natural gas will inevitably capture a larger percentage of power generation because it's the cleanest burning fuel we have, it's readily abundant and it's here in the United States, including Oklahoma," Nichols said.

Nichols downplayed concerns by some environmental groups that hydraulic fracturing, also known as fracking, poses a danger of gas leaking into ground water near the surface. He said the only potential risk of polluting water supplies is if producers use substandard well casing in the first few hundred feet of a well, a problem he said should easily be detected by state regulators.

"Any reputable driller would welcome that (oversight)," he said.

But coal also remains an abundant, inexpensive, domestic energy source, said Jason Hayes, a spokesman for the American Coal Council. He said new technologies are allowing coal to burn cleaner, and he expects it will remain a major source of electricity for decades to come.

"Coal is not going anywhere anytime soon," he said.

Nichols said he doubts there will be much of an increase this year in the price of natural gas, which rose 8.7 cents on Tuesday to $4.476 per 1,000 cubic feet.

"There's too much supply and not enough demand," he said. "Industrial demand for natural gas, because of the recession, is somewhat depressed. That won't change until the recession ends, and you can figure out when that is better than I can."

Nichols also briefed lawmakers on the progress of the new 50-story skyscraper that Devon Energy is building in downtown Oklahoma City. He said workers are adding one floor each week to the tower, which will be the tallest building in the state when it's finished. He said he expects employees to begin moving into the new headquarters in early 2012.
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02.03.11 15:03:26
Beitrag Nr. 31 ()
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21.03.11 18:32:37
Beitrag Nr. 32 ()
Interessanter Beitrag über die ungewöhnlich starke Unterbewertung von Erdgas im Vergleich zu Erdöl:

http://finance.yahoo.com/news/Stop-the-tsmp-446890944.html?x…
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29.03.11 11:52:02
Beitrag Nr. 33 ()
Devon Energy plant offenbar den Einstieg in die Vermarktung von Erdgas mittels Verflüssigung, Stichwort LNG. Dazu würde eine Kooperation mit Mitbewerbern angestrebt:

http://www.bloomberg.com/news/2011-03-28/devon-in-talks-on-c…

Klingt mMn vielversprechend. Würde zur geradlinig auf klimafreundliches Erdgas ausgerichteten Strategie von Devon passen.
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07.04.12 13:03:28
Beitrag Nr. 34 ()
inzwischen fundamental recht günstig; KGV unter 7
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09.05.12 17:02:23
Beitrag Nr. 35 ()
heute für 63$ auf die 5-fache Stückzahl erhöht
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23.07.12 14:18:11
Beitrag Nr. 36 ()
Zahlen kommen am 1.8.; bin gespannt wie übel es wird...
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22.02.13 14:57:26
Beitrag Nr. 37 ()
1 Antwort
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25.02.13 19:00:20
Beitrag Nr. 38 ()
Antwort auf Beitrag Nr.: 44.174.517 von R-BgO am 22.02.13 14:57:26Langfristig hilft Devon nur ein steigender Gaspreis. Und da besteht meiner Meinung nach schon eine gewisse Hoffnung, daß nach langjährigem Abwärtstrend nun endlich der Boden gefunden wird bzw. schon gefunden ist. Aber den Gaspreis gibt der Markt vor. Darauf hat Devon keinerlei Einfluss.

Mittelfristig könnte sich eine Neuaufstellung des Unternehmens positiv auswirken. Das hat DVN selbst in der Hand und scheint es im günstigen Börsenumfeld nun auch wirklich in die Hand zu nehmen. Es geht um eine schon 2007 angedachte, dann aber zurückgestellte Auslgliederung eines Teils der eigenen Infrastruktur, Stichwort Spinoff einer MLP.
Mehr dazu in diesem Artikel: http://www.fool.com/investing/general/2013/02/23/1-new-energ…

Auch kurzfristig stehen die Zeichen für DVN günstig, denn die Fortsetzung der Marktrally greift natürlich auch der DVN-Aktie ein wenig unter die Arme.

Aber wie immer an der Börse: Es kann auch ganz anders kommen, als man es sich denkt. :laugh:

Ich bin zum Glück sehr günstig in Devon eingestiegen und habe immer auch auf die Dividende Wert gelegt. Somit war die zurückliegende Kursschwäche erst einmal verkraftbar. Aber als Neuanleger muss man schon genauer hinschauen, ob der Einstieg auf diesem Niveau mehr Chancen oder mehr Risiken bietet. Meiner Meinung nach überwiegen die Chancen. Nur, ob der Aktienkurs schon einen Boden ausgebildet hat, das ist eben die Frage, wie immer...
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17.03.13 07:58:36
Beitrag Nr. 39 ()
Was hat bei Devon Energy den Einmaleffekt verursacht? Habe keine Information dazu gefunden.
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17.08.13 14:21:11
Beitrag Nr. 40 ()
Mexiko öffnet nach vielen Jahrzehnten das Staatsmonopol der Ölförderung im eigenen Land:

http://finance.yahoo.com/news/mexican-energy-reform-winners-…

Die Namen mehrerer US-Explorer, u.a. auch der von Devon, werden im Zusammenhang mit einem Vorhaben der mexikanischen Regierung als potentielle Partner genannt. Es geht um die Erschließung von Schiefergas, Schieferöl und Offshore-Vorkommen in großer Meerestiefe. Dem staatseigenen Unternehmen PEMEX fehlt schlicht Kapital und Erfahrung für diesen nächsten großen Schritt. Gleichzeitig nehmen die Fördermengen in den mit klassischer Technik erschlossenen Feldern ab. Mexiko bleibt mittel- bis langfristig im Grunde wohl keine andere Wahl, als sich an die Experten aus den USA zu wenden und mit ihnen gemeinsam die heimischen Vorkommen zu heben. Dabei sollen Risiken und Chancen gleichmäßig verteilt werden.

Noch sind die genauen gesetzlichen Rahmenbedingungen nicht vollständig ausgearbeitet; es zeigt sich aber, daß sich US-Explorern wie Devon ein ganz neuer Markt direkt vor der eigenen Haustüre - oder besser im Hinterhof - erschließt. Meiner Meinung nach eine Entwicklung, die die Kursphantasie ein wenig beflügeln könnte...
:cool:
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21.10.13 21:04:55
Beitrag Nr. 41 ()
Heute gibt Devon die Schaffung einer gemeinsamen MLP (Master Limited Partnership) zusammen mit Crosstex Energy (XTXI) and Crosstex Energy LP (XTEX) bekannt.

Quelle: http://www.foxbusiness.com/industries/2013/10/21/devon-energ…

Damit wird einem lange vorbereiteten Projekt endlich Leben eingehaucht. Der Kurs steigt an der NYSE bei schwachem Marktumfeld im Energiesektor aktuell immerhin über 4%. Gut möglich, daß die MLP-Ausgründung DVN weiteren Auftrieb verleiht, sobald erst einmal sämtliche Details des Deals samt der geplanten Synergien und Einsparungen offengelegt werden.

Allen Investierten weiterhin viel Erfolg!
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21.10.13 21:20:02
Beitrag Nr. 42 ()
Und hier der Link mit allen Details der Vereinbarung:

http://phx.corporate-ir.net/phoenix.zhtml?c=67097&p=irol-new…

Einen ersten Einblick in konkrete Auswirkungen auf den Unternehmensgewinn wird der nächste vollständige Quartalsbericht liefern.
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25.02.14 15:00:07
Beitrag Nr. 43 ()
Kurs hat sich ja einigermassen berappelt; aber fürs GJ 2013 immer noch Verlust...
1 Antwort
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03.11.14 23:42:20
Beitrag Nr. 44 ()
Antwort auf Beitrag Nr.: 46.520.093 von R-BgO am 25.02.14 15:00:07Zahlen zum HJ solide schwarz
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18.02.15 16:10:56
Beitrag Nr. 45 ()
haben für Q4 knapp 2 Mrd. USD impairments gemeldet
1 Antwort
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28.07.15 16:01:30
Beitrag Nr. 46 ()
Antwort auf Beitrag Nr.: 49.106.567 von R-BgO am 18.02.15 16:10:56und nochmal 5 Mrd. in Q1;

blutig
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04.11.15 12:26:31
Beitrag Nr. 47 ()
gestern kam Q3:
...man muss es erstmal schaffen, in 9 Monaten das halbe EK zu vernichten;

aber halb so wild: ist ja alles nicht cashwirksam.
2 Antworten
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19.11.15 11:03:54
Beitrag Nr. 48 ()
Antwort auf Beitrag Nr.: 51.003.321 von R-BgO am 04.11.15 12:26:31Was meinst du damit, dass es nicht cashwirksam ist?
Wie soll es sich denn dann auswirken?
1 Antwort
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19.11.15 11:07:13
Beitrag Nr. 49 ()
Focus Money sieht Devon
als Übernahmekandidat. Wann werden die übernommen? Wenn das EK ganz weg ist?
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17.02.16 16:52:36
Beitrag Nr. 50 ()
Zahlen kamen gestern; truly epic!
14,5 Mrd. USD Verlust bei 50 MMUSD Bilanzsumme Ausgangswert.

Aber sie sehen zumindest noch nicht nach Pleite aus, da sie positiven cash-flow haben und die CapEx in '16t noch weiter eindampfen wollen...
3 Antworten
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23.11.16 22:24:02
Beitrag Nr. 51 ()
Antwort auf Beitrag Nr.: 51.127.782 von kainza am 19.11.15 11:03:54als Reduktion des EK
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23.11.16 22:26:36
Beitrag Nr. 52 ()
Antwort auf Beitrag Nr.: 51.769.432 von R-BgO am 17.02.16 16:52:36
habe meinen Altbestand
heute zu einem strike knapp oberhalb des Einstands veroptioniert;

bringt rund 6% für 2 Jahre => so eine Art Dividendenersatz


zugrundeliegende These:

sie überleben und werden irgendwann auch wieder solide Geld verdienen


wenn sie in der Zeit deutlich weiter steigen sollten, beiße ich mich wohin
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24.11.16 15:09:25
Beitrag Nr. 53 ()
Antwort auf Beitrag Nr.: 51.769.432 von R-BgO am 17.02.16 16:52:36Wie geht das?
Der Verlust ist größer als der Umsatz und
trotzdem positiver Cashflow?
1 Antwort
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12.01.17 12:55:36
Beitrag Nr. 54 ()
Antwort auf Beitrag Nr.: 53.764.578 von kainza am 24.11.16 15:09:25
ganz einfach:
weil der größte Teil des Verlusts Abschreibungen auf Assets sind; nicht cashwirksam...


nachdem der Kurs sich zuletzt rasant erholt hat (meine Option war wie üblich lausig getimt), habe ich heute wenigstens den nicht veroptionierten Teil verkauft


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Devon Energy - Übernahmekandidat?