Devon Energy (NYSE: DVN ) was one of the first companies in the nation to realize the potential of the shale boom here in the U.S., but it had the reputation of a natural gas company. That bad rap has resulted in many investors shying away from it, but its recent merger deal with Crosstex Energy (NYSE: ENLC ) and Crosstex Energy Partners (NYSE: ENLK ) as well as the recent purchase of private company GeoSouthern show one thing: Devon Energy is undervalued.
In the video segment below, Fool contributor Tyler Crowe explains that when compared to other major shale drillers such as EOG Resources (NYSE: EOG ) , Devon is undervalued and could be a solid pickup for your portfolio based on these recent deals.
Who will dominate the American energy boom?
Devon is carving out a position as a top American energy company, but it isn't alone. The transformation of the American energy space is creating investment opportunities everywhere, but picking the right ones will mean the difference between a flash in the pan and a long-term jewel. For this reason, we've put together a comprehensive look at three energy companies set to soar during this transformation in the energy industry. Find out which three companies actually beat out Devon Energy to make our list of companies that are spreading their wings by checking out our special report, "3 Stocks for the American Energy Bonanza." Simply click here and we'll give you free access to this valuable investing resource.