Devon Energy Hits for the Cycle
Devon Energy ended fiscal 2013 with a bang. Between its merger and acquisition announcements and the results it posted from production, investors in this stock should be optimistic about 2014. Devon achieved four particular accomplishments in the final quarter of 2013, and with the baseball season about to start it seems appropriate to compare those successes to hitting for the cycle.
The first accomplishment, or the single if you will, was most definitely the production growth the company saw in the Permian Basin. With more than one-third of the company's rigs working in the region, it is encouraging to see that Devon was able to grow its production there by more than 30%. To find out what moves the company made that led to the bigger hits, watch the video below.
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The article Devon Energy Hits for the Cycle originally appeared on Fool.com.Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter, @TylerCroweFool. 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.
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