Devon Energy - One of our "Elite Eight"

[dan_s]

Devon Energy (NYSE:DVN) recently reported solid second-quarter results after delivering production toward the top end of its guidance range, enabling it to beat expectations. Those results continued the company's recent string of successes as it emerges from the oil market downturn.

That said, one thing that was evident from the comments of CEO David Hager on the accompanying conference call is that the company is still a work in progress. Overall, he detailed five points that show the steps it's taking to become a stronger company for the long term.

Read: https://www.fool.com/investing/2017/08/ ... yptr=yahoo

[dan_s]

August 22: I spend the morning working on our updated profile for Devon. It is a "Core Holding" quality company that is trading at a deep discount to its NAV.

Devon is on-track to generate over a $Billion of FREE CASH FLOW FROM OPERATIONS this year and another $Billion from non-core asset sales. Don't you wish you had non-core assets worth a $Billion.

In addition to ~540,000 BOE per day of current production, Devon has over 20,000 low-risk high-potential horizontal drilling locations just in STACK and the Delaware Basin.

Our updated profile will be sent out later today. Read it carefully. This is a high quality company trading a very cheap price (~5X operating cash flow per share).

[dan_s]

My updated profile on Devon Energy has been posted to the EPG website.