Devon Energy Makes a Big Move Into Oil
If you know what an energy company like EOG Resources (NYS: EOG) looked like about two years ago, you'd get an idea of what Devon Energy (NYS: DVN) looks like today, and where it is headed. The company has sold off a lot of its international resources to focus much more strongly on the U.S., and is now making a major diversification move into oil. In this video, Motley Fool energy analyst Joel South tells us just how big of an oil move this natural gas company is making, and why he thinks it's a good fit for them.
With the big fluctuations in the prices and supplies of both oil and natural gas at the moment, a lot of companies previously focused in only one now are diversifying aggressively to change with the market. Investors were startled after SandRidge, another major natural gas player, plummeted when natural gas prices reached 10-year lows, but with the company halfway through its ambitious three-year plan to profitability, the future looks bright. If you are unsure about the future of this emerging oil and gas junior, and are looking to find out more about its strengths and weaknesses, you should view this brand new premium report detailing SandRidge's game plan and what to expect from the company going forward. To get started--click here!
The article Devon Energy Makes a Big Move Into Oil originally appeared on Fool.com.Joel South owns shares of SandRidge Energy. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of Devon Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.