Last quarter, I was crooning that anything Devon Energy
Devon itself has taken to pointing out how it is valued at a big discount to peers like EnCana
It's not that Devon is a poorly run company. It just happens to operate alongside some phenomenal companies. I keep tabs on hundreds of publicly traded companies, and these are simply some of the best around.
To win investors over, Devon needs to find an edge -- something to make it stand out. Going through the latest quarterly presentation, nothing really seems to fit the bill.
Unlike Chesapeake Energy
Devon may soon have a huge deepwater find on its hands, once appraisal drilling on the BP-operated Kaskida discovery wraps up. Even then, will Devon ever outshine Anadarko Petroleum