Devon Energy Corp


“Windfall Tax” or Not, These Oil Stocks Are Still a Buy

President Biden took another jab at Big Oil yesterday, taking aim at a record $30 billion in combined industry earnings this quarter.He threatened higher taxes on oil companies should they fail to work to lower consumer gas prices.Americans continue to face high prices at the pump – $.3.75 a gallon on average nationwide – despite the Department of Energy releasing millions of barrels of oil from the Strategic Petroleum Reserve.

See their conversation here...

Dow Jones

Dow Jones Today Could Rebound After a Four-Week Losing Streak

The Dow Jones today could bounce back after a four-day losing streak as Congress works toward another stimulus bill.

The S&P 500 is coming off its fourth consecutive losing week, with the latter off as much as 10% in September.

The Nasdaq has shed as much as 14% since the first of the month, which shares of Apple Inc.

(NASDAQ: AAPL) nearly falling into bear territory.

Investors are hoping that the worst is over.

But it's important to note that the S&P 500 is still stuck in a negative momentum trend.



One of My Favorite Drillers Is Set to "Strike It Rich" All Over Again

The Delaware Basin in arid western Texas and southern New Mexico used to be a good deal more inviting than it is today.

In fact, around 300 million years ago, when the region was south of the Equator, the area was a lush, tropical reef teeming with Permian life, covered by the warm Delaware Sea, which was part of the ancient Panthalassa Ocean.

Nowadays, the fossilized remains of that reef are exposed in the hot desert air, and the once-aquatic landscape has given way to scrub and the national parklands of Carlsbad Caverns and the Guadalupe Mountains.

The area is also known for its vast, thick deposits of limestone…

… and shale. Virtually endless expanses of oil-rich shale – wellspring of the second American energy revolution.

And one company is in the perfect position to reap the rewards of this ancient treasure...