Devon Energy: A Good Global Macro Buy

GlobalIntelHub Markets

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

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