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

To: E_K_S who wrote (52593)	10/24/2013 9:45:13 AM
From: gcrispin	Respond to of 78559

DVN has historically raised the dividend and bought back stock. My hope is that the increase in free cash flow in 2015 will go to continuing this trend. Here are a link to the Crosstex website if you are interested. You can listen to the webcast. I think the Q and A section is also instructive. crosstexenergy.com A couple of take aways from the presentation. This merger will be 95% fee based. Devon has tremendous assets in Canada that can eventually be dropped down into the MLP. Crosstex has a strong presence in Lousiana with the recent completion of their pipeline and a second phase beginning. The investment grade paper will result in a savings of 200 to 300 basis points. They expect 45 million in synergies. The interview with the Crosstex CEO is also interesting. In the interview he says that he Crosstex is now 90% fee based vs. 70% a few years ago. Here is an interview with an oil analyst regarding the merger. insider.thomsonreuters.com I don't have a price point. This story has a long way to play out. I plan to hold my shares and wait for this merger to be completed.

To: E_K_S who wrote (52593)	6/12/2014 12:12:21 AM
From: gcrispin	Read Replies (2) \| Respond to of 78559

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