Devon Energy Corp (NYSE:DVN)

CAPS Rating: 4 out of 5

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.

Recs

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Player Avatar TMFRSue (55.91) Submitted: 6/6/2013 3:07:11 PM : Outperform Start Price: $53.80 DVN Score: -6.42

The market is currently oblivious to the fact that Devon Energy is a special situation that possesses many catalysts for future higher profitability -- and subsequently also for significant upside stock price movement . Examples of these catalysts are the eventual rise in nat. gas and NGL prices, the board of director approved plan for an IPO of its midstream segment, exploration of asset sales, more extensive development of its oil producing properties, and the potential rise in Canadian oil prices.

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