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$77.40 -5.11 (-6.19%)
10/6/2008 4:04 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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Recs

6

Avatar SapphireSeas (74.80) Submitted: 6/19/07 11:27 PM : Outperform Start Price: $82.78 DVN Score: 30.37

P/E of 10 while sitting atop Barnett Shale (Natural Gas) in North Texas, and 10 to 15 BILLION barrels of oil (and overlying gas deposits) in deep water Gulf of Mexico drilling blocks.

Deep water exploration and resource extraction is expensive and risky, and it may take them a while to extract that oil and gas, but it will come to market, eventually. Major long term blue chip play and portfolio anchor.

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