Is This Oil & Gas Producer the Best in the Business?

In this segment, Motley Fool analysts Joel South and Taylor Muckerman discuss their top 5 energy companies to watch. The top five can be found here. 

Devon Energy (DVN -0.89%) is among our favorite oil & gas investments, with oil production soaring and capital expenditures geared at targeting liquids heavy, high ROI plays in North America. Unlike a number of Devon's peers, the company has a sturdy and unleveraged balance sheet, with $4.2 billion in cash and a 23% net debt-to-cap ratio. 

Investors today are looking at a conservative oil & gas producer trading well below its net asset value. With high oil prices and the potential for a slight rise in natural gas producers, Devon Energy looks like a tremendous value. 

Be sure to follow the energy sector on Twitter as well.