Hot Gas Companies To Buy Right Now

Hot Gas Companies To Buy Right Now: Devon Energy Corporation(DVN)

Devon Energy Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and production of natural gas and oil in the United States and Canada. It also involves in transporting oil, gas, and natural gas liquids (NGL); and processing natural gas. The company owns oil and gas properties in the mid-continent area of the central and southern United States; the Permian Basin in Texas and New Mexico; the Rocky Mountains area of the United States; and the onshore areas of the Gulf Coast, principally in south Texas and south Louisiana. It also owns oil and gas properties in the provinces of Alberta, British Columbia, and Saskatchewan, Canada. In addition, the company offers marketing and midstream services, including marketing of gas, crude oil, and NGL, as well as constructing and operating pipelines, storage and treating facilities, and natural gas processing plants. As of December 31, 2010, it had 2,042 million barrel of oil equivalent of proved developed reserves. The company sells its gas production to various customers, such as pipelines, utilities, gas marketing firms, industrial users, and local distribution companies; crude oil production to refiners, remarketers, and other companies; and NGL production to customers in petrochemical, refining, and heavy oil blending activities. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

Advisors' Opinion:

• [By Arjun Sreekumar]

  For instance, Devon Energy (NYSE: DVN  ) reported "disappointing" results from a couple of wells it drilled last year that were thought to be in the play's oil-rich zone. The company has since decided to sell its acreage in the eastern Ohio portion of the Utica, having placed 244,000 of its gross acres up for bidding in January.

• [By Claudia Assis]

  Devon Energy Corp. (DVN) ! shares declined 1.3%.

• [By Tony Daltorio]

  The company that bought Mitchell's firm in 2001, Devon Energy Corp. (NYSE: DVN), was also a pioneer in combining fracking with horizontal drilling.

• [By Claudia Assis]

  Among energy names on the S&P 500 index, biggest losses went to refiner Phillips 66 (PSX) and Devon Energy Corp. (DVN) Shares of the two companies were off 2.3% and 2.2%, respectively.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/hot-gas-companies-to-buy-right-now.html