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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bocor who wrote (50119)	11/21/2012 9:14:12 AM
From: Dale Baker	Read Replies (1) \| Respond to of 78758

FYI.... MARKET TALK: Devon Energy Could Be Dead Money Until 2014 2:33 PM ET 11/20/12 \| Dow Jones 14:33 EST - Devon (DVN) is down nearly 1/3 the past 8 months, and Morgan Stanley doesn't see the oil-and-gas producer's stock going anywhere next year as it starts coverage at equal-weight and sets a $55 price target. "Operational setbacks have significantly hurt DVN's 2013 growth outlook, and we believe its large exposure to weaker pricing for gas, [natural-gas liquids" and heavy oil will challenge the shares." Instead, the investment bank calls DVN a 2014 story, saying 5% production growth is possible then after the potential of none next year. DVN is down 1.8% today at $52.54, putting the month's drop at 9.7%.