How’s Devon Energy Positioned with Oil at $50?
Devon Energy (DVN) isn’t expected to report a positive FCF (free cash flow) in the fourth quarter. Devon Energy’s management expects an excess cash inflow of $5 billion by the end of 2018 assuming WTI at $65 per barrel, natural gas prices at $3 per MMBtu, and current WCS (Western Canada Select) strip pricing when it released its third-quarter results.