8% Return Yield At Potential $80 – Why I Believe Devon Energy Is A Steal

Summary:

  • Devon Energy’s strong production in key basins and strategic acquisitions drive its growth, positioning it as a major player in the U.S. oil industry.
  • The company’s focus on shareholder returns, through dividends and buybacks, is supported by its low breakeven prices and healthy balance sheet.
  • Despite recent underperformance, Devon’s attractive valuation and potential for substantial gains make it a compelling buy for those who can handle volatility.

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Introduction

Energy has been a huge part of my research since the pandemic. That is mainly due to my belief that the sector benefits from strong secular tailwinds, including peak production growth in U.S. shale, long-term demand tailwinds, and a very attractive valuation


Analyst’s Disclosure: I/we have a beneficial long position in the shares of TPL, LB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


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