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Devon Energy Hits for the Cycle

By Tyler Crowe – Feb 21, 2014 at 9:26AM

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The only way to describe what Devon Energy did this past quarter is to compare it to one of the great personal accomplishments in baseball.

Devon Energy (DVN -4.07%) ended fiscal 2013 with a bang. Between its merger and acquisition announcements and the results it posted from production, investors in this stock should be optimistic about 2014. Devon achieved four particular accomplishments in the final quarter of 2013, and with the baseball season about to start it seems appropriate to compare those successes to hitting for the cycle. 

The first accomplishment, or the single if you will, was most definitely the production growth the company saw in the Permian Basin. With more than one-third of the company's rigs working in the region, it is encouraging to see that Devon was able to grow its production there by more than 30%. To find out what moves the company made that led to the bigger hits, watch the video below.

Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter, @TylerCroweFool. 

The Motley Fool owns shares of Devon Energy. 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.

Stocks Mentioned

Devon Energy Stock Quote
Devon Energy
DVN
$59.62 (-4.07%) $-2.53
EnLink Midstream, Llc Stock Quote
EnLink Midstream, Llc
ENLC
$11.45 (-3.46%) $0.41

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