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Devon Energy (DVN +1.2%) leads Morningstar's list of 10 high conviction stocks, noting that DVN...

Devon Energy (DVN +1.2%) leads Morningstar's list of 10 high conviction stocks, noting that DVN is widely perceived as a gas company, but 80% of DVN's revenues and 80%-plus of its business value estimate stem from oil and liquids business. Oakmark's Bill Nygren, part of the Morningstar group, estimates the stock now trades at just over half its 2013 asset value.
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