Buying Devon on the Dip? Here's a Better High-Yield Oil Stock to Buy First.

By Jason Hall and Tyler Crowe – Dec 12, 2023 at 5:02AM

NYSE: DVN

Devon Energy

Market Cap

$31B

Today's Change

(-0.95%) -$0.47

Current Price

$49.24

Price as of May 16, 2024, 4:00 p.m. ET

Sometimes you can win with the producers, but the pick-and-shovel companies often make for much better investments.

The high-yield allure of Devon Energy (DVN -0.95%) has investors' attention. In this video, Motley Fool contributors Jason Hall and Tyler Crowe take a closer look at Devon, which Jason says is starting to look appealing. Tyler makes the case for Helmerich & Payne (HP 0.34%) as a better high-yield stock to profit from the oil market right now.

*Stock prices used were from the afternoon of Dec. 7, 2023. The video was published on Dec. 12, 2023.

Jason Hall has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool recommends Helmerich & Payne. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.