Devon Energy: Buy, Sell, or Hold?
Devon Energy (NYSE: DVN) is a fairly easy company to understand. However, how it fits into a portfolio can be a bit more complicated to figure out. For some investors, it will be a buy, while others will see it as a sell, and a few might like to hold it for the long term. And every single one of them might be right in their assessment of the stock.
Here's why Devon Energy could be a buy, a sell, and a hold -- all at the same time.
There are a lot of positives when it comes to Devon Energy. For example, it is one of the largest independent onshore U.S. oil and natural gas exploration companies. It is financially strong, with an investment-grade-rated balance sheet. It has a low break-even point, so it can turn a profit even when oil prices are modest. And it has over a decade of land on which to drill new wells.
Source Fool.com
