Devon Energy is a company that finds and uses oil and gas in different places. They have lots of these things hidden under the ground or sea. People can buy and sell parts of this company, which are called shares. The price of each share changes depending on how well the company is doing and what other people think it's worth. Right now, some people think the shares are a bit cheap, so they might buy more later. Read from source...
- The title is misleading and clickbaity, as it implies that the whales (large investors) are doing something specific or noteworthy with DVN, but the content does not provide any evidence or analysis of their actions.
DVN is an attractive option for investors looking to gain exposure to the North American onshore oil and gas market. The company has a diverse portfolio of assets, including exposure to several high-growth plays such as the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken. Its proved reserves of 1.8 billion boe are sufficient to support its current production rate of 611 thousand boe/d for a significant period of time. Additionally, DVN's RSI is currently indicating that the stock may be oversold, which could present an opportunity for investors to enter at a favorable price.