Devon Energy: A Good Global Macro Buy

The energy bull market is probably obvious to everyone, but going long oil is not the only way to play this market. Devon Energy (NYSE:DVN) owns and operates more than 5,100 wells, and has been doing this since 1971.

With 1600 employees, Devon is like a smaller version of the Mega Cap Oil companies, so it’s a good alternative to companies like Exxon Mobil (XOM) and others in my view. They have grown through acquisition as well as organically, so their business is now at a point where they can kick back and watch the oil flow.

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