Devon Energy (NYSE:DVN) was one of the first companies in the nation to realize the potential of the shale boom here in the U.S., but it had the reputation of a natural gas company. That bad rap has resulted in many investors shying away from it, but its recent merger deal with Crosstex Energy (NYSE:ENLC) and Crosstex Energy Partners (NYSE:ENLK) as well as the recent purchase of private company GeoSouthern show one thing: Devon Energy is undervalued.
In the video segment below, Fool contributor Tyler Crowe explains that when compared to other major shale drillers such as EOG Resources (NYSE:EOG), Devon is undervalued and could be a solid pickup for your portfolio based on these recent deals.
The Motley Fool owns shares of Devon Energy and EOG Resources. 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.