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Will Devon Energy Report Positive Free Cash Flow in Q2 2018?

Will Devon Energy Report Positive Free Cash Flow in Q2 2018?

Wall Street analysts expect Devon Energy (DVN) to report a ~4% higher year-over-year operating cash flow of ~$842 million in Q2 2018, up from ~$810 million in Q2 2017. On a sequential basis, DVN’s estimated Q2 2018 operating cash flow is ~5% higher compared with its ~$804 million in Q1 2018. DVN’s higher estimated Q2 2018 operating cash flow could be attributed to higher crude oil prices in the same quarter.