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Stock Market & Financial Investment News

News Breaks
March 12, 2014
09:08 EDTDVNDevon Energy price target raised to $80 from $70 at Argus
Argus increased its price target on Devon as the firm thinks the company reported solid Q4 results, and expects the company's valuation discount versus its peers to narrow as its transition process continues. The firm thinks that several recent moves by the company are positive but have not yet been fully reflected in the stock's valuation. It keeps a Buy rating on the stock.
News For DVN From The Last 14 Days
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July 22, 2015
06:29 EDTDVNDevon Energy coverage assumed with an Outperform at Credit Suisse
Target $83.
July 14, 2015
18:47 EDTDVNSuncor begins radio frequency pilot at Dover site
Suncor Energy (SU), along with its partners in the project, announced the first radio frequency pilot for oil recovery within an in situ reservoir. The technology, Enhanced Solvent Extraction Incorporating Electromagnetic Heating, uses radio frequency to heat the reservoir and adds a solvent which facilitates the movement of the bitumen to the surface. The ESEIEH project partners are Devon (DVN), Nexen Energy ULC (NXY), Suncor, Harris Corporation, with funding in part from the Climate Change and Emissions Management Corporation. The technology will be tested at Suncor's Dover test site, north of Fort McMurray, Alta. The group has been collaborating on this technology since 2011 with initial physical testing of the technology in 2012 at Suncor's Steepbank mine facility. Testing will now begin at an in situ reservoir for approximately 24 months.

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