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Tag: Devon Energy

  • Two Beaten-Down Energy Stocks See Big Insider Buys

    Two Beaten-Down Energy Stocks See Big Insider Buys

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    Two energy explorers whose stocks outperformed the broader market in 2022—a monster year for the sector—are slumping this year, but insiders at both companies recently bought up shares.



    ConocoPhillips


    (ticker: COP) and


    Devon Energy


    shares (DVN) soared 63% and 40%, respectively, in 2022, trouncing the


    S&P 500 index


    which dropped 19%. The


    Energy Select Sector SPDR


    exchange-traded fund (XLE)—which includes both ConocoPhillips and Devon as components—leapt 58% in 2022.

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  • Three Oil Stocks Exposed to Natural-Gas Plunge

    Three Oil Stocks Exposed to Natural-Gas Plunge

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    Natural-gas prices have tumbled this year because of warm weather and high levels of gas in storage in Europe and elsewhere. U.S. prices are down 45% to $2.46 per million British thermal units.

    The drop has impacted stocks of some natural-gas producers, though not nearly as much as the price of the commodity itself. As natural-gas prices stay low, however, the impact could widen and pressure a larger group of companies. Stocks of oil producers that also produce significant amounts of gas are vulnerable to the decline, too. Overall, free cash flow for large-cap producers could fall 33% from 2022 levels, according to Citi analyst Scott Gruber. That could keep some oil companies from being able to boost their dividends and buybacks as much as they did last year.

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