Apart from the largest names in the energy industry, Devon Energy has one of the best balance sheets there is. The company has a huge amount of available liquid cash, and extremely low debt. Numbers like these give a company a lot of flexibility, and a lot of options. In this video, Motley Fool energy analyst Joel South describes for us several of the other feathers in Devon Energy's financial cap, and how this could lead to further debt reduction, share buybacks, or more development for a company already involved in some interesting growth.
Free Article
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.