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Devon Energy (NYSE: DVN ) ended fiscal 2013 with a bang. Between its merger and acquisition announcements and the results it posted from production, investors in this stock should be optimistic about 2014. Devon achieved four particular accomplishments in the final quarter of 2013, and with the baseball season about to start it seems appropriate to compare those successes to hitting for the cycle.
The first accomplishment, or the single if you will, was most definitely the production growth the company saw in the Permian Basin. With more than one-third of the company's rigs working in the region, it is encouraging to see that Devon was able to grow its production there by more than 30%. To find out what moves the company made that led to the bigger hits, watch the video below.
What will be 2014's version of Core Labs?
The Motley Fool's chief investment officer really nailed his 2013 top stock pick with oil services company Core Labs, which shot up a spectacular 75% this year alone! Now, he has selected his No. 1 stock for 2014, and it's one of those stocks that has the potential for a great year ahead. You can find out which stock it is in the special report: "The Motley Fool's Top Stock for 2014." Simply click here and we'll give you free access to the name of this