<p>Today, Fool.com energy analyst Joel South looks at one energy stock trading at a deep discount: <strong>Devon Energy</strong>.</p>
<p>Joel believes the company is deeply undervalued, trading at less than 5 times EV/EBITDA. He also argues that it has very strong management, a healthy balance sheet, and a solid credit rating. </p>
<p>Overall, Joel thinks Devon has huge advantages over other energy peers such as <strong>Chesapeake Energy</strong> or <strong>Enerplus</strong>. </p>
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Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage.