Venezuela News Causes Decline in Some Oil Stocks, Presenting Potential Buying Opportunities.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
0mins
Should l Buy DVN?
Source: Barron's
Oil Stocks Surge: Several oil stocks, including Chevron, SLB, and Halliburton, experienced significant gains of over 5% on Monday.
U.S. Involvement in Venezuela: The increase in stock prices is attributed to the U.S.-initiated regime change in Venezuela, which is expected to open opportunities for these companies.
Rebuilding Energy Sector: The companies are poised to profit from the potential rebuilding of Venezuela's energy sector, supported by the U.S. government.
Market Reaction: The market's positive response reflects investor optimism regarding the future of oil production and investment in Venezuela.
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Analyst Views on DVN
Wall Street analysts forecast DVN stock price to rise
20 Analyst Rating
18 Buy
2 Hold
0 Sell
Strong Buy
Current: 44.820
Low
41.00
Averages
45.53
High
55.00
Current: 44.820
Low
41.00
Averages
45.53
High
55.00
About DVN
Devon Energy Corporation is an oil and gas producer in the United States with a diversified multi-basin portfolio headlined by an acreage position in the Delaware Basin. The Company is primarily engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). It owns a portfolio of assets located in the Delaware Basin, Rockies, Eagle Ford and Anadarko Basin. The Delaware Basin operates in southeast New Mexico and across the state line into west Texas. It offers exploration and development opportunities from many geologic reservoirs and play types, including the oil-rich Wolfcamp, Bone Spring, Avalon and Delaware formations. Its Rockies development consists of its Williston Basin and Powder River Basin assets. The Eagle Ford operations are located in Texas' DeWitt and Karnes counties. The Anadarko Basin development is located in western Oklahoma. It has a joint venture with Dow to develop a portion of its Anadarko Basin acreage.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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