Devon Energy Corp (NYSE:DVN)

Profitable now and later.

Gas prices goin up, people not going green like they should = profit for energy stocks and global warming still unchecked.

Rising natural gas and crude oil production, a rarity in the north american energy market.

Another play on energy.

Some day we will run out of oil. Until then this company knows where to find it.

Another Jim Jubak pick

Value play based on 45 seconds of research

Looking to go up.

if they can handle the cash flow better, the company has lots of potential

A player in Oil, and a large player in the Barnett Shale natural gas field in Texas.

Rumored now and then as a takeover target by Exxon

About to spin off their own subsidiary - an EMC/VMWare type spinoff.

Good Management

Oil is the best thing in my portfolio. Xom has made me more money more consistently than any other stocxk.I recently added Slb. It's making me money. I bet Apa and dvn will make money for the same reasons

76.84

increasing energy prices; gulf mexico strike

Devon is a sound, if average oil and gas explorer with one outstanding exception. It has a 25% stake in what could be the largest under sea oil field to be found in the U. S. Gulf in the last 40 years. Preliminary estimates are that this field could increase known US oil reserves by as much as 25%. For a company the size of DVN, such a stake is huge. CVN is one partner and I think a likely buyer once the size of the field is better known. I don't see much downside. Take a half position now and buy on any dips.

Their property in tertiary layers in the Mexican Gulf will probably give the value a second boost. The capitalization of the company is 20% less than a pure sale of their current reserves of 2,376 (end of 2006) MMBoes (Million barrels of oil equivalesnts, valuing the on-going concern negatively.

Deep-sea exploration, attractive target for acquisition by the big boys...

steady performer

Devon is the most underpriced of all of the large independent E&P producers. With their recent discovery in the ultra deep waters of the Gulf of Mexico, their proven undeveloped reserves have increased dramatically. Medium term the price of oil will fluctuate, but long term supply is not increasing as fast as demand, most of the supply is in countries with a great deal of political risk, and its eventually being used up. Devon will have relatively low risk (hard and expensive to get to, but low risk) production from the Gulf of Mexico, in addition to their current domestic production.

Natural Gas