BAK - Investing Message Board

5/2/2012 8:37:34 AM

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DVN: Q1 EPS of $1.05 misses by $0.37. Revenue of $2.5B (+16.3% Y/Y) in-line.

Earnings were significantly affected by unusually wide Canadian oil price differentials, but they have since begun to normalize. Total energy production averaged 694K boepd, the best-ever rate from its North American onshore properties and a 10% increase vs. the year-ago quarter. DVN -3.7% premarket.