| Third Point takes stakes in Yum!, Devon-letter | |
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BOSTON, May 1 (Reuters) - Hedge fund Third Point on Friday told investors that it has taken new positions in fast-food restaurant company Yum! Brands and Devon Energy and thinks U.S. stocks are still attractive because economic data should improve and a near term rate hike seems unlikely. Third Point said it holds a "significant" stake in Yum! Brands after determining that it has "turned the page on recent trouble in its Chinese business," and said it sees dramatic profit recovery over the next one to two years. (Reporting by Svea Herbst-Bayliss; editing by Richard Valdmanis)
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Devon Energy Corporation
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CODE : DVN |
ISIN : US25179M1036 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Devon Energy is a and oil producing company based in United states of america. Devon Energy holds various exploration projects in Canada. Its main exploration property is JACKFISH OIL SANDS PROJECT in Canada. Devon Energy is listed in United States of America. Its market capitalisation is US$ 27.6 billions as of today (€ 25.8 billions). Its stock quote reached its lowest recent point on August 18, 1995 at US$ 10.00, and its highest recent level on February 22, 2008 at US$ 99.19. Devon Energy has 525 000 000 shares outstanding. |