Despite a 28% stock decline, Devon Energy is seen as a value stock with strong future potential.

Despite a 28% stock decline in 2024, Devon Energy is considered a great value stock. The $5 billion acquisition of Grayson Mill Energy, though initially concerning, shows strong financial performance with projected free-cash-flow yields at current oil prices. Devon plans to prioritize share buybacks and debt repayment, with room for future dividend increases, aiming for significant upside potential in 2025.

2 months ago
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