Devon Energy: Seasonal Trends Indicate Significant Upside From Here
- Exploration & Production companies are down sharply this summer on back of a $10 a barrel decline in oil prices.
- I have been allocating more funds to these beaten down E&P plays as it appears another harsh winter is on the way which will bolster the sector.
- One of these energy concerns is Devon Energy. The stock is well-positioned to deliver 15% to 25% upside by year end given historical trends and production growth.