Positive

From Nasdaq: 2025-01-11 18:23:00

Devon Energy (NYSE: DVN) saw a 28% decline in 2024, but with oil prices rising, the stock is now considered a great value. The company recently acquired Grayson Mill Energy, expanding its assets in the Williston Basin. Despite concerns over the deal, Devon’s operational progress has been strong, with projected daily production volumes expected to reach 800 thousand barrels of oil equivalent in 2025. The company’s capital allocation strategy prioritizes share buybacks and debt repayment, with analysts forecasting significant free cash flow generation in 2025.

Investors looking for opportunities should consider Devon Energy, as the stock offers significant upside potential. While private equity selling down stock may have contributed to the recent decline, the company’s strong fundamentals and potential for growth make it an attractive investment. The Motley Fool’s Stock Advisor team has identified Devon Energy as a stock with potential, highlighting its value and growth prospects. Consider investing in Devon Energy for long-term returns.



Read more at Nasdaq: 3 Reasons to Buy Devon Energy Stock Like There’s No Tomorrow