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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (52593)	6/12/2014 12:12:21 AM
From: gcrispin	Read Replies (2) of 78567

EKS, Last October we exchanged messages regarding the DVN merger with Crosstex. The last couple of weeks we have seen a number of analysts raise their price targets on DVN and with the Bank of America coverage the stock today hit a new high. The BofA analyst specifically mentioned the MLP (now called Enlink) as one of the reasons he likes the stock. benzinga.com mideasttime.com I continue to hold a large position and feel the stock will work higher. It is no coincidence that the price of oil is up with the continuing conflict in Iraq. DVN's production in the US should warrant an added valuation if this strife continues. The last posted link shows how difficult it is to predict the price of oil as there are a number of confounding factors in the equation. But I feel comfortable that DVN is a good long term hold at this time. businessspectator.com.au gmanetwork.com oilprice.com

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