DVN, PXD, OXY -- October 13, 2023

Locator: 45763INV.

Link here. 

Re-posting from yesterday:

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PXD, OXY, DVN

• check out market cap of PXD and OXY
• today, 2:50 p.m., October 12, 2023:
• OXY: $55.94 billion; p/e = 11; div = 1.14%; shares trading at $65 / share;
• PXD: $56.04 billion; p/e = 10; div = 6.85%; shares trading at $240 / share;

Now, let's take a look at DVN:

• DVN: $30 billion; p/e = 6; div = 10.7%; shares trading at $47 / share;

I was so overweight in oil I quit buying "new" oil about two years ago:

• some exceptions;
• I consider oil a "utility" now.

I still won't buy "new" oil (with exceptions) but I think I've found another exception.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.  

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.