Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Devon Energy Management Discusses Q2 2012 Results - Earnings Call Transcript

Stock quotes in this article: DVN 

Devon Energy (DVN)

Q2 2012 Earnings Call

August 01, 2012 11:00 am ET

Executives

Vincent W. White - Senior Vice President of Investor Relations

John Richels - Chief Executive Officer, President and Director

David A. Hager - Executive Vice President of Exploration & Production

Jeffrey A. Agosta - Chief Financial Officer and Executive Vice President

Darryl G. Smette - Executive Vice President of Marketing, Midstream and Supply Chain

Analysts

Scott Hanold - RBC Capital Markets, LLC, Research Division

Brian Lively - Tudor, Pickering, Holt & Co. Securities, Inc., Research Division

Brian Singer - Goldman Sachs Group Inc., Research Division

Bob Brackett - Sanford C. Bernstein & Co., LLC., Research Division

David R. Tameron - Wells Fargo Securities, LLC, Research Division

Presentation

Operator

Welcome to Devon Energy's Second Quarter 2012 Earnings Conference Call. [Operator Instructions] This call is being recorded. At this time, I'd like to turn the conference over to Mr. Vince White, Senior Vice President of Communications and Investor Relations. Sir, you may begin.

Vincent W. White

Thank you, operator, and welcome everybody to today's second quarter 2012 earnings call and webcast. Today's call will follow our usual format. I'll provide a few preliminary items and then turn the call over to our President and CEO, John Richels for his review. Then Dave Hager, Head of Exploration and Production, will provide the operations update. And following that, our Chief Financial Officer, Jeff Agosta, will finish up with a review of our financial results and outlook. After Jeff's call, we'll have a Q&A session. And our Executive Chairman, Larry Nichols, as well as Darryl Smette, Head of Marketing and Midstream are with us today to help out with the Q&A session.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,210.03 -84.47 -0.55%
NASDAQ 3,434.37 -25.05 -0.72%
S&P 500 1,639.19 -11.32 -0.69%
US 10 Yr 1.991% -0.032

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs