Pinched at the Pump? Get It Back With the Drillers
We can bemoan the price at the pump, and I know many of you are bemoaning it. Or we can figure out which companies have decided, "This is a once-in-a-lifetime opportunity to make more money than we ever dreamed, and we are going to do it, and do it big for our shareholders."
That's the lesson of Devon (DVN) yesterday, where the company has decided the time is right to take a huge chunk of money and just go prospecting for oil. It makes sense that the stock could tack on still more points today after yesterday's run, because Devon's got a new find, still under wraps, that could be gigantic, a real needle mover -- and we know that needle-movers get stocks rocking....391 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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.