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$67.44 -2.93 (-4.16%)
1/7/2009 4:03 PM

Devon Energy Corp (DVN)

CAPS Rating:
*****

The Company including its subsidiaries, is engaged primarily in oil and gas exploration, development and production, the transportation of oil, gas and NGLs and the processing of natural gas.

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Avatar coltholt (98.39) Submitted: 10/03/08 4:27 PM : Outperform Start Price: $77.98 DVN Score: 1.86

One of the most solid Independent O & G companies on the market. This stock has outperformed like crazy over the past few years and is available at a discount right now. DVN was at 70 when oil was down at $60 / barrel and is in even better position now. If oil drops to 60, this is probably priced about right, but if oil is anything above that, this stock is cheap. Imagine if oil went back to 140, this could be back up to $120 in no time. Seems like a safe bet in a market that hasn't held up well...

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