In today's video, Paul and Matt discuss Devon Energy, an energy stock they're buying today. Devon has a strong balance sheet, plenty of liquids production, returns-focused management, and sizable resource potential, all things to look for in an oil and gas producer. At just four times cash flow, Devon boasts all these traits and trades at a discount. With plenty of opportunities to invest the cash flow thrown off by its assets, Devon has plenty of room to grow its cash flow even further in the future. Watch the video for the full details.
The article 1 Energy Stock We're Buying Today originally appeared on Fool.com.
Matthew Argersinger has options on Devon Energy. Paul Chi and The Motley Fool own shares of Apache and Devon Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.