Another Sign That Devon Energy Is Undervalued

Another Sign That Devon Energy Is Undervalued

DevonEnergy was one of the first companies in the nation to realize the potential of the shale boom here in the U.S., but it had the reputation of a natural gas company. That bad rap has resulted in many investors shying away from it, but its recent merger deal with Crosstex Energy and Crosstex Energy Partners as well as the recent purchase of private company GeoSouthern show one thing: Devon Energy is undervalued.

In the video segment below, Fool contributor Tyler Crowe explains that when compared to other major shale drillers such as EOG Resources , Devon is undervalued and could be a solid pickup for your portfolio based on these recent deals.

Who will dominate the American energy boom?
Devon is carving out a position as a top American energy company, but it isn't alone. The transformation of the American energy space is creating investment opportunities everywhere, but picking the right ones will mean the difference between a flash in the pan and a long-term jewel. For this reason, we've put together a comprehensive look at three energy companies set to soar during this transformation in the energy industry. Find out which three companies actually beat out Devon Energy to make our list of companies that are spreading their wings by checking out our special report, "3 Stocks for the American Energy Bonanza." Simply click here and we'll give you free access to this valuable investing resource.

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Fool contributors Aimee Duffy and Tyler Crowe have no position in any stocks mentioned. You can follow them on Twitter @TMFDuffy and @TylerCroweFool, respectively. The Motley Fool owns shares of Devon Energy and EOG Resources. 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.

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Originally published