Devon Energy Corporation
DVN · Energy
$49.05
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Enterprise Products Partners: Buy, Sell, or Hold?
Enterprise Products Partners (EPD) is recommended as a buy or hold for income-focused investors seeking energy exposure without commodity price risk. The MLP offers a 5.6% yield backed by 28 years of consecutive distribution increases, strong financial metrics (1.7x distribution coverage), and a stable business model based on service fees rather than commodity prices. However, it is not suitable for investors seeking rapid growth or direct exposure to rising energy prices.
Can Par Pacific's Stronger Balance Sheet Fuel Its Next Growth Phase?
Par Pacific (PARR) has strengthened its balance sheet by reducing net debt by over $220 million in Q2 2026, achieving $1.4 billion in liquidity. With improved financial flexibility, the company is pursuing smaller-scale refining and logistics projects targeting low-20% unlevered returns, along with M&A and share buybacks. Devon Energy and Phillips 66 have similarly strengthened their balance sheets through debt reduction, positioning all three companies for growth investments and improved long-term cash generation.
Google Just Locked Up the Largest Geothermal Power Deal Ever Made.
Fervo Energy signed a massive geothermal power deal with Google to supply 396 MW of electricity from its Cape Station project in Utah starting in 2028, with an option to expand to 1 GW by mid-2030. The agreement addresses the critical need for reliable, clean power to support AI data center expansion and validates Fervo's enhanced geothermal technology model.