1 Energy Stock We're Buying Today
The following video is part of our "Motley Fool Conversations" series, in which analyst Paul Chi and senior analyst Matt Argersinger discuss topics across the investing world.
In today's edition, Paul and Matt discuss Devon Energy, one stock they're buying today. Devon boasts a strong balance sheet, a balanced production mix, and a shareholder-friendly management -- a combination suited for whatever the oil and gas markets throw in its direction. Paul believes the company has a long runway of profitable growth ahead of it over the next several years as it ramps up its liquids production in its most profitable areas.
As oil prices climb, investors can find opportunities to ride the wave of surging profits for energy companies. Take a look at the top oil stocks recommended by Motley Fool analysts in a recent special free report: "3 Stocks for $100 Oil." The report won't be available forever, so we invite you to enjoy a free copy today. You can access it by clicking here. Fool on!
At the time this article was published Matt Argersinger has no positions in the stocks mentioned above.Paul Chiowns shares of Chesapeake Energy and Devon Energy. The Motley Fool owns shares of Devon Energy and has the following options: long JAN 2013 $16.00 calls on Chesapeake Energy, long JAN 2013 $25.00 calls on Chesapeake Energy, long JAN 2014 $20.00 calls on Chesapeake Energy, and long JAN 2014 $30.00 calls on Chesapeake Energy. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.