Devon Energy (NYSE: DVN ) is big; its the ninth-largest U.S. energy company. Yet, somehow this energy giant has underperformed the market in the past year while North America has faced a massive oil and gas boom. It has underperformed so much that even the company's CEO, John Richels, has gone on the record saying that the company trades at a deep discount to its peers. How can this be?
A lot has to do with labels, and Devon has been labeled a natural gas company. In this video, Fool.com contributor Tyler Crowe explains why this label could be miseading for investors, and how recent trends in the natural gas space shouldn't be scary for investors.
Another major natural gas company is attempting to shed that image as well
Energy investors would be hard-pressed to find another company trading at a deeper discount than Chesapeake Energy. Its share price depreciated after negative news surfaced concerning the company's management and spiraling debt picture. While the debt issues still persist, giant steps have been taken to help mitigate the problems. To learn more about Chesapeake and its enormous potential, you're invited to check out The Motley Fool's brand-new premium report on the company. Simply click here now to access your copy.