Devon Energy: Dividend Cut Trumps EPS Beat
February 17, 2016 at 10:35 AM EST
Barclays called it. Last week, analyst Thomas Driscoll and team see more dividend cuts and equity raises coming for oil and gas stocks. Devon Energy (DVN) was among the names he cited in his report, as reported by my colleague Ben Levisohn. Late yesterday, Devon announced it would cut its workforce by 20%, slash its […]
