Sell Alert: Sell Devon Energy for 29% Gains

The recent surge in oil prices and natural gas prices has drawn market attention to the value of Devon’s reserves. This price surge has been accompanied by tepid increases in U.S. drilling, as we expected. DVN is now overbought. Although it still has good return potential in the years ahead, now is a good time to take a trading profit.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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