Devon Energy: Ready to Take Off
Posted by Turn Key Oil on October 7, 2011 · Leave a Comment
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Looking for a stock that is about to pop? Look no further, Devon Energy has you covered. We are pretty bullish about Devon Energy, and others are starting to agree. According to Brian D. Pacampara, DVN is ready to take off, and here is why.
In late August, Veritas1010 listed several of Devon’s positives:
N.gas, domestically focused now that it has shed international foray. Low price, low debt, solid unconventional opportunities with sound yield potential. Dividend, low, yes, but compensated with capital gains via growth.
In fact, Devon currently sports a particularly paltry P/E of 4.1. That represents a clear discount to other natural gas plays such as Anadarko Petroleum (NYSE: APC ) (37.4),Apache (NYSE: APA ) (8.1), and Chesapeake Energy (NYSE: CHK ) (17).
CAPS member NHWeston expands on Devon as a relatively potent pick:
If you like [Chesapeake], you should adore Devon. … Devon comes WITHOUT Aubrey McClendon. … [A]nd Devon is close to its annual Low. [I know, what stock isn't....] At its height, Devon has been in mid 90′s so there are real possibilities here.
Devon Energy is a solid stock, and well established company. If this stock interests you, be sure to consider investing in them. With a little more due diligence, you should be sold!
Quotes taken from report by Dan Pacampara, Read the entire article here.
This is not an offer to buy or sell securities. Oil investment carries with it very high risks. The information contained within this site has not been nor will it be verified by Turn Key Oil and is subject to change at any time. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions. Please read our full disclaimer before making any decisions.
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