blank'/> Liberally Lean From The Land Of Dairy Queen: Your Liberally Lean Financial Minute

6.30.2008

Your Liberally Lean Financial Minute

NEW YORK -
Shares of Devon Energy Corp., the largest U.S.-based independent oil and gas producer, rose Monday as an analyst boosted his price target and estimates on the company, and oil prices touched a high.The stock gained $4.35, or 3.8 percent, to $119.23 in morning trading.


So far this year, shares of Devon have jumped 29 percent.Friedman, Billings, Ramsey & Co. analyst Rehan Rashid raised his price target to $140 from $125, implying he expects the stock to rise about 22 percent from Friday's $114.88 close. He kept an "Outperform" rating.
Since I took economics at Weatherford College, let me explain what this means: Devon will continue to make big bags of money.

Now let me check into my portfolio and figure out how this effects me. Uh . . . not so much. I'm still banking on a Worldcom and Enron comeback. (And be careful using google images for a "Devon" search. Apparently there's a gal who works in what you boys out there call the "adult industry" - and she ain't camera shy, if you know what I mean.)

30 comments:

Anonymous said...

can't wait to get home so I can do a google

Anonymous said...

And by the time they and their comrades in Wise County finish with their pads, their roads, their compressors, and their pipelines their will not be an acre left to build a house on.

Anonymous said...

and as good "green" liberals our jobe is to tax the piss out of em and get even.

i know, i know , it wont help the prices but we can still hate them and bash them in the press, who know they might even get called out before congress to explain why they want to make money and then we can hate them even more. because big gas is the devil

Anonymous said...

Of all the O&G companies out there, I believe that Devon is about the most responsible.

Anonymous said...

What does Meh mean?

Anonymous said...

Hi, I'm Tommy Lee Jones and we want yall to know that we look at the Barnett like we look at yall's behinds! Which means, lets all get behind the Barnett and go to town, if you know what I mean!

Anonymous said...

Barron:
Thanks for splanin them economics to us. It all makes sense now!

Anonymous said...

capitalism bad. socialism good.

Anonymous said...

Harvard on the Hill

You took economics there? I'm impressed!!!

Anonymous said...

so theres something wrong with making big bags of money. how bout U!!! you commy bastard, sokin the system and the masses just because you know a bunch of slick ways though the system. you know folks and have drinks with people in the courthouse. so you can totally hose folks into thinking they have to have you to buy a home , or car, or go to traffic court or whatever. we have to have lawyers, because there are more laws on the books than anyone can understand. more than the soviet union had when it collapsed.

BUT somehowe your inocent of greed. i hear you bitch about being appointed. i can buy a lot of justice if i can afford you.

well we need energy and screw the spotted owl, we'ell get a better owl but right now we owe devon, because they are supplying were the libs will let them . and making a lot of wealth in wise co.

so go to Canada and save abunch of trees or snail darters or kangaroo rats. i say bring on the gas and well all be better off.

bigfan said...

4:23
Could you edit your previous comment please? I'm sure YOU think you made some valid comments, but I'm not thinking many people could get through the last read. Take a break, put out the cigarette, and try and make a little more sense. Thanks

Anonymous said...

Yeah 4:23, lighten up a little. It's going to be all right, Devon is on top and gas be selling for $4 bucks per gallon.

bigfan said...

BG,
I'm looking to buy a house and a car. What is your hourly rate for things such as this?

Anonymous said...

nag....nag.....nagggg

Anonymous said...

4:23 Living proof people will believe whatever they want to believe.

Anonymous said...

Hey Devil...

2:19 associated you with "big gas". Wouldn't gas cause an issue where you live?

Double Fake Lighteous Pharticus

RPM said...

1:58, As long as they keep mailing me checks I could care less.

Anonymous said...

Devon stock will go down 3 points because of the logo change and cost associated with it.

Anonymous said...

Dang Barry!.......and I thought only your office and courthouse buddies posted on here.

4:23?

Anonymous said...

1:58, rather have income producing gas wells than more houses built on 1 acre tracts. People can live in town or stay in the metroplex. Wise County needs to provide energy for our nations independence. God put gas here and we need to drill for it.

Oil and gas has been here for over 50 years and like Tommy Lee Jones says in his ad, it will be here for generations to come.

Anonymous said...

Devon is your hometown neighborhood partner who is only looking out for your welfare.

Thanks Devon,we love you.

Anonymous said...

God didn't put the gas here, the dinosaurs did dumbass!!!

Jarhead said...

Let's get behind the Barnett Shale.

The Real Tommy Lee Jones

Anonymous said...

I ain't gettin behind Barnett Shale until I see a picture of her first.

Anonymous said...

How did the dinosaurs invent oil and inject it into the ground? And if they were that smart, why aren't they still around?

Anonymous said...

I SAY LET GET BEHIND THE SHELL AND SMOKE SOME POT.

THE FAKE TOMMY LEE JONES

Anonymous said...

oh yes the dinosaurs once ruled the earth and all things on the earth. then they elected a woman dinosaur president and were soon extinct. end of story...

Anonymous said...

Our nation will never be energy independent because we simply use too much. Energy independence is a lie.

Anonymous said...

At a 20% increase in usage per year we have enough known/recoverable reserves of oil to last another 50 years. This doesn't include deep ocean that is not economical to drill at this point and other places we will probably be able to find oil if push comes to shove and especially with new technologies.
At least this is what my brother in law the driller says when he wants to sound smart.

Anonymous said...

Try to do as little as I can most every day.Doesn't that help out any?