DVN · DEVON ENERGY CORP

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Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

Close · 3M

+15.20%

Held by 1 AI ETF

LQAI1.090%

as of Oct 22

Signal performance

Each tracked ETF's moves on this stock, grouped by fund. Returns are measured from the signal date to the latest close — hypothetical, no commissions or slippage.

Buy signals14

Win rate100% (14/14)

Avg buy return+5.96%

LQAInow 1.090% of fund9 signals

LQAI · Weight decrease · 3d

weight 1.130% → 1.090% (-0.040 pp)·stock up 6.3% in the 30 days before

Oct 21·entry $49.87·now $51.39

+3.05%

since Oct 21

LQAI · Weight decrease · 2d

weight 1.130% → 1.110% (-0.020 pp)·stock up 5.9% in the 30 days before

Oct 20·entry $50.38·now $51.39

+2.00%

since Oct 20

LQAI · Accumulation · 5d

weight 1.020% → 1.130% (+0.110 pp)·stock up 4.1% in the 30 days before

Oct 16·entry $50.73·now $51.39Fresh

+1.30%

since Oct 16

LQAI · Weight increase · 3d

weight 1.040% → 1.090% (+0.050 pp)·stock down 2.7% in the 30 days before

Oct 14·entry $49.92·now $51.39Drifting

+2.94%

since Oct 14

LQAI · Weight increase · 2d

weight 1.040% → 1.080% (+0.040 pp)·stock up 1.0% in the 30 days before

Oct 13·entry $50.21·now $51.39Drifting

+2.35%

since Oct 13

LQAI · Weight increase · 3d

weight 1.010% → 1.040% (+0.030 pp)·stock down 1.7% in the 30 days before

Oct 5·entry $47.98·now $51.39Drifting

+7.11%

since Oct 5

LQAI · Weight increase · 2d

weight 1.010% → 1.030% (+0.020 pp)·stock down 2.8% in the 30 days before

Oct 2·entry $47.65·now $51.39Drifting

+7.85%

since Oct 2

LQAI · New entry · 1d

weight 0 → 1.020% (new)·stock down 1.6% in the 30 days before

Sep 29·entry $46.60·now $51.39Chased

+10.28%

since Sep 29

LQAI · Exit · 1d

stock down 1.1% in the 30 days before

May 12·entry $46.77·now $51.39

+9.88%

since May 12

AIUPno longer held10 signals

AIUP · Exit · 1d

weight 4.110% → 0 (exited)·stock down 3.5% in the 30 days before

Sep 21·entry $47.59·now $51.39

+7.98%

since Sep 21

AIUP · Weight decrease · 5d

weight 4.820% → 4.110% (-0.710 pp)·stock up 0.9% in the 30 days before

Sep 18·entry $48.61·now $51.39

+5.72%

since Sep 18

AIUP · Weight decrease · 4d

weight 4.820% → 4.220% (-0.600 pp)·stock up 1.9% in the 30 days before

Sep 17·entry $48.72·now $51.39

+5.48%

since Sep 17

AIUP · Weight decrease · 3d

weight 4.820% → 4.320% (-0.500 pp)·stock up 1.8% in the 30 days before

Sep 16·entry $48.44·now $51.39

+6.09%

since Sep 16

AIUP · Weight decrease · 2d

weight 4.820% → 4.550% (-0.270 pp)·stock up 12.0% in the 30 days before

Sep 15·entry $51.33·now $51.39

+0.12%

since Sep 15

AIUP · Weight increase · 3d

weight 4.260% → 4.820% (+0.560 pp)·stock up 12.0% in the 30 days before

Sep 11·entry $50.23·now $51.39Drifting

+2.31%

since Sep 11

AIUP · Weight increase · 2d

weight 4.260% → 4.810% (+0.550 pp)·stock up 10.2% in the 30 days before

Sep 10·entry $50.02·now $51.39Drifting

+2.74%

since Sep 10

AIUP · Sudden change · 1d

weight 4.260% → 4.610% (+0.350 pp)·stock up 8.0% in the 30 days before

Sep 9·entry $48.98·now $51.39

+4.92%

since Sep 9

AIUP · Weight decrease · 2d

weight 4.550% → 4.260% (-0.290 pp)·stock up 11.5% in the 30 days before

Sep 4·entry $48.06·now $51.39

+6.93%

since Sep 4

AIUP · New entry · 1d

weight 0 → 4.550% (new)·stock up 11.3% in the 30 days before

Sep 2·entry $49.03·now $51.39Drifting

+4.81%

since Sep 2

AIEQno longer held11 signals

AIEQ · Exit · 1d

weight 1.330% → 0 (exited)·stock up 10.1% in the 30 days before

Sep 1·entry $49.05·now $51.39

+4.77%

since Sep 1

AIEQ · Weight decrease · 3d

weight 1.380% → 1.320% (-0.060 pp)·stock up 6.0% in the 30 days before

Aug 27·entry $47.12·now $51.39

+9.06%

since Aug 27

AIEQ · Weight decrease · 2d

stock up 9.8% in the 30 days before

Aug 26·entry $46.83·now $51.39

+9.74%

since Aug 26

AIEQ · Accumulation · 5d

stock up 11.3% in the 30 days before

Aug 21·entry $49.10·now $51.39Drifting

+4.66%

since Aug 21

AIEQ · Weight increase · 3d

stock up 12.6% in the 30 days before

Aug 20·entry $49.30·now $51.39Drifting

+4.24%

since Aug 20

AIEQ · Weight increase · 2d

stock up 9.9% in the 30 days before

Aug 19·entry $48.19·now $51.39Drifting

+6.64%

since Aug 19

AIEQ · Weight decrease · 3d

stock up 1.3% in the 30 days before

Aug 8·entry $45.36·now $51.39

+13.29%

since Aug 8

AIEQ · Weight decrease · 2d

stock up 1.3% in the 30 days before

Aug 7·entry $42.98·now $51.39

+19.57%

since Aug 7

AIEQ · New entry · 1d

stock up 7.5% in the 30 days before

Aug 2·entry $44.57·now $51.39Chased

+15.30%

since Aug 2

AIEQ · Exit · 1d

stock down 13.1% in the 30 days before

Jul 1·entry $40.25·now $51.39

+27.68%

since Jul 1

AIEQ · New entry · 1d

stock down 12.9% in the 30 days before

May 30·entry $46.31·now $51.39Chased

+10.97%

since May 30

Sell signals show what the stock did after the AI exited. A negative number means the AI's exit was well-timed.

Buffett-style framework

Too hard to callas of Sep 6

Some AI ETFs, notably AIUP, have recently entered or maintained significant positions in Devon Energy, albeit with some recent slight weight decreases, while AIEQ has exited. This contrasts with the framework's "Too Hard" verdict, which stems from the fundamental unpredictability of commodity prices and the inability to reliably project long-term cash flows for oil and gas exploration and production companies. Our analysis suggests that the inherent volatility of DVN's unit economics makes it unsuitable for a long-term, predictable value investment approach.

Circle of CompetenceThe company's earnings are heavily influenced by the volatile prices of oil and natural gas, making long-term cash flow predictability beyond a few years exceptionally challenging.
Economic MoatFurther analysis of competitive advantages is declined because the business falls outside the circle of competence for long-term predictability.
ManagementAssessment of management's capital allocation and integrity is declined due to the fundamental unpredictability of the business's core economics.
Financial HealthDetailed financial health analysis, including owner earnings and ROE consistency, is not performed given the inability to project future cash flows reliably.
Margin of SafetyAn assessment of margin of safety is not feasible as a conservative estimate of intrinsic value cannot be reliably determined for this business.

Devon Energy operates in the oil and gas exploration and production industry, whose unit economics are inherently tied to volatile commodity prices, making long-term cash flow projections unreliable. This lack of predictability places the company outside the framework's circle of competence. Therefore, a comprehensive assessment of its economic moat, management, financial health, and margin of safety is declined, leading to an overall "Too Hard" verdict.

Educational interpretation generated by AI applying frameworks Warren Buffett documented in his shareholder letters and other public writings. Not a statement by Mr. Buffett or Berkshire Hathaway, and not investment advice.