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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (2022)11/21/2000 2:18:20 PM
From: Logain Ablar  Read Replies (1) | Respond to of 2850
 
Hi John:

Considering the price of NG with the cold weather starting early with the west coast power plant supply concerns (adequate supply to meet demand) I'd say DVN has put in its bottom and is ready for a new wave up. The press hasn't really started to write about this (wait till Bufalo digs out of its 2 feet of snow from yesterday).

Considering the damage in tech land this is a good value play if one feels NG will stay above $4ish level (I do for at least the next 4 months). DVN's earnings reflected NG with and asp of less than $4 (from memory don't remember the actual amount).

BR's chart also looks good.

Tim

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