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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (48383)11/20/2012 10:33:11 PM
From: Spekulatius  Read Replies (1) of 78758
 
I added a little more to DVN and APA, my E&P positions. FWIW (probably not much). DVN really has not been good to me so far, but it is cheaper than ever -9$/proved BOA (60% of it NG though). I do think that at the current valuation, some majors ought to be looking at them as an acquisition target.

DVN has been monetizing some assets already by selling stakes in their drilling inventory to foreign companies for what seems to be favorable conditions but even with that, they are outspending their cash flow.
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