The current price relects the market expectation of a full takeover by Leighton. They are shortly to be allocated 40% of the stock and they also have an agreement with David Devine to acquire his 20% holding. A full takeover looks likely at some time in the future.
Whether you sell now to take your profits or hold on for the takeover offer depends on your view of the premium they might pay for full control. I am holding because I also like the dividends, even at the current price and dividend rate they represent an 8% return and it won't surprise to see a decent increase in the dividend shortly.
DVN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
