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This almost never happens…
Right in the middle of a trading day, Devon Energy comes out with a white hot earnings report.
They smashed earnings expectations by a staggering $880 million…
They outpaced their earnings per share estimate by 22 cents…
They even raised their dividend 22% for a forward yield of 8.08%...
Their shareholders have all kinds of reasons to be smiling ear-to-ear…
And if you’ve been following what we’ve been saying here at Insider’s Exposed… it’s no secret why.
Devon, like a lot of heretofore unloved energy companies, is benefitting from some blustery tail winds that are not set to die down anytime soon.
Europe is still doubled over from rapidly rising energy costs…
Germany is rationing power in order to deal with energy shortages, creating a painful summer and a potentially deadly winter if they don’t sort things out…
Add to that powder keg a dash of geopolitical gasoline in the form of the Russia-Ukraine conflict…
… and the fact that we’re still billions under-invested in infrastructure due to bone-head policy crippling domestic production…
We see a lucrative future for companies in the oil and gas space.
Which is why we’re on the lookout for companies that insiders are picking up on the recent dip…
Like one director we caught red-handed picking up over a quarter million dollars worth of shares in a “no name” oil services company…
Seeing insiders making moves like this always makes our ears perk up, our eyeballs go wide, and the hair on the back of our neck stand at attention.
Which is why this week, we’re doing a dedicated write up on this little outfit…
We’ll tell you the ticker, we’ll tell you how to trade it, we’ll even share what options you can buy to jolt your returns.
