Devon (DVN) for High Yield + Growth - Sept 12

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dan_s
Posts: 34465
Joined: Fri Apr 23, 2010 8:22 am

Devon (DVN) for High Yield + Growth - Sept 12

Post by dan_s »

I have posted an updated profile on Devon Energy to the EPG website.

Devon is one of the large-cap upstream companies in our High Yield Income Portfolio.

> Devon has a super strong balance sheet and lots of running room. I give it an A+ safety rating.
> It pays quarterly "Fixed + Variable Dividends", with annualized yield over 8%.
> The Company also has a stock buyback program underway that should push the share price higher.
Dan Steffens
Energy Prospectus Group
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