Canadian heavy oil, Barnett assets go on the block – could be sale or spinoff
By Richard Rostad, analyst, Oil & Gas 360

Devon Energy (ticker: DVN) announced Q4 results and reserves today, showing net earnings of $1.1 billion, or $2.48 per share.

This result vastly exceeds the $183 million Devon earned in Q4 2017, and Devon’s full-year results show a similar improvement. The company earned $3.1 billion in the year, compared to $898 million in 2017. Devon reports $542 million in operating cash flow from continuing operations in Q4, $2.2 billion over the full year.

Devon produced 532 MBOEPD in Q4, slightly above the midpoint of guidance. This falls short of the 548 MBOEPD Devon produced in Q4 2017, but if production is adjusted f...

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