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.