The energy bull market is probably obvious to everyone, but going long oil is not the only way to play this market. Devon Energy (NYSE:DVN) owns and operates more than 5,100 wells, and has been doing this since 1971.
With 1600 employees, Devon is like a smaller version of the Mega Cap Oil companies, so it’s a good alternative to companies like Exxon Mobil (XOM) and others in my view. They have grown through acquisition as well as organically, so their business is now at a point where they can kick back and watch the oil flow.
Read the whole article @ https://seekingalpha.com/article/4562481-devon-energy-a-good-global-macro-buy
