Devon Energy Has Strong Tailwinds, Analyst Says
1. Devon Energy reported strong Q4 results, EPS of $1.16 beats estimates. 2. Oil production reached 398,000 barrels per day, exceeding previous guidance by 3%. 3. FY25 production guidance raised to 805,000-825,000 barrels per day. 4. Positive analyst sentiment after Q4 performance boosts investor confidence. 5. A drone attack on a Russian pipeline may reduce global oil supply.