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Price Forecast:


Bearish   <->   Bullish

Bullish Case: Devon Energy's recent $5B acquisition of Grayson Mill is poised to boost production by 100,000 boe/d, enhancing cash flow and shareholder distributions amidst rising oil prices, indicating a potential rally.

Bearish Case: Market skepticism persists over dividend sustainability after past cuts. Recent insider selling and lower trading volumes suggest waning investor confidence, potentially leading to further declines in stock price.

Potential Outcomes:

1. Strong production from Grayson Mill (50%);

2. Dividend stability leads to price recovery (30%);

3. Continued market skepticism resulting in price stagnation (20%).

Trading Oracle: Consider bearish short volatility strategies targeting 70% odds of profit. Sell $45.50 calls and buy $47.00 calls for a high-reward, low-risk play on DVN's potential volatility reduction over the next month.

August 21, 2024


Devon Energy Forecast

DVN      Devon Energy

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OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.91)


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Uncorrelated Assets

Assets with little price relationship to DVN


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ROL Forecast + Options Trading Strategies   ROL  Rollins (0.0)


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TRMD Forecast + Options Trading Strategies   TRMD  TORM (-0.0)


REM Forecast + Options Trading Strategies   REM  iShares Mortgage Real Est (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against DVN


SCO Forecast + Options Trading Strategies   SCO  ProShares UltraShort Bloomberg Crude Oil (-0.67)


IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (-0.68)


FXF Forecast + Options Trading Strategies   FXF  Rydex Investments - Invesco CurrencyShares Swiss Franc (-0.68)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.78)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.9)



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