In this segment, Motley Fool analysts Joel South and Taylor Muckerman discuss their top 5 energy companies to watch. The top five can be found here

Devon Energy (NYSE:DVN) is among our favorite oil & gas investments, with oil production soaring and capital expenditures geared at targeting liquids heavy, high ROI plays in North America. Unlike a number of Devon's peers, the company has a sturdy and unleveraged balance sheet, with $4.2 billion in cash and a 23% net debt-to-cap ratio. 

Investors today are looking at a conservative oil & gas producer trading well below its net asset value. With high oil prices and the potential for a slight rise in natural gas producers, Devon Energy looks like a tremendous value. 

Be sure to follow the energy sector on Twitter as well.



Joel South has no position in any stocks mentioned. The Motley Fool owns shares of Devon Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.