As crude oil adds to losses after a larger-than-expected supply rise, Devon Energy (DVN -0.4%)...

|About: Devon Energy Corporation (DVN)|By:, SA News Editor

As crude oil adds to losses after a larger-than-expected supply rise, Devon Energy (DVN -0.4%) bucks a weak energy sector on news that it sees better-than-expected compounded annual production growth of 7.5%, including 265K-270K barrels of oil equivalent a day in 2013. DVN is "becoming more active in acreage acquisition and exploratory drilling,” Jefferies says.