Devon Energy Hits for the Cycle

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.

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  • Report this Comment On February 21, 2014, at 3:04 PM, TMFTwoCoins wrote:

    Great video, Tyler.

    I don't get to delve into the energy sector as much as I would like, however, the one company I own is Devon.

    Best,

    Daniel

  • Report this Comment On February 22, 2014, at 8:03 AM, dbhendrix wrote:

    I have owned Devon Energy for a long time and I know some people who work for them in the oilfield They take very good care of their employees and seem to be honest and transparent in their management

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