Devon Looks Like a Table-Pounding Buy

We've written about Devon Energy (DVN) over the last year. After declining 20% in 2011, the stock was beaten down another 15% in 2012. Despite or perhaps because of the significant decline over the last two years, we believe Devon is a table-pounding recommendation for 2013.

Very simply, Devon has great North American oil and natural gas assets, has significant earnings power and trades at a big discount to its asset value. Its underperformance in the last few years has left the stock way too cheap and its shareholders extremely frustrated. Importantly, the high-quality management team is also feeling very frustrated. We believe the company is fixing some of its 2012 operating missteps and has a lot of non-operating levers to improve the stock price....416 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.