DVN - Devon Energy Vs. Diamondback Energy: A Battle Of The Permian

2024-01-22 15:51:57 ET

Summary

• In this head-to-head, I will analyze which of these independent oil producers - Diamondback Energy or Devon Energy Corporation - is competing the hardest for our investment dollars.
• Each company will be evaluated on Dividends, Debt, Dollars, and Dirt (yes, DIRT!).
• The winner will be considered the better overall investment.

Thesis

Devon Energy ( DVN ) has had it rough lately, down 8% to start the year after being down over 30% in 2023. I have written several bullish articles on DVN over the course of 2023 and the stark difference in price performance between it and peers is puzzling. To challenge my convictions, I decided to do a comparison with Diamondback Energy ( FANG ), another company I've previously covered , and Devon Energy to determine if I should consider a shake-up of my portfolio....

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