Hot Rising Companies To Buy Right Now

Hot Rising 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 Tyler Crowe]

  1. Risk for new projects is lower
  The ability to effectively tap shale resources is the culmination of two drilling techniques almost 100 years in the making, starting with the test of the first horizontally drilled well in Texas back in 1929. When horizontally drilled wells are combined with hydraulic fracturing -- a well completion technique pioneered by Mitchell Energy (now part of Devon Energy (NYSE: DVN  ) ) back in the mid '90s! -- we are able to effectively drill into a tight gas formation, break the shale, and extract the gas.

• [By Ben Levisohn]

  Shares of Anadarko have dropped 2.8% to $93.22 at 11:30 a.m. today, a bigger loss than those experienced by others in the sector.Chevron(CVX) has fallen 0.2% to $117.90, for instance,Devon Energy(DVN) has declined 0.7% to $63.98 andConocoPhillips (COP) has 0.8% to $72.76.

• [By Eric Volkman]

  The field is located in the Campos basin, roughly 100 kilometers off the coast of Rio de Janeiro. Commercial production began in 2007, and BP purchased its stake in Polvo from Devon Energy (NYSE: DVN  ) in 2011. It shared ownership with Danish firm Maersk, which holds the remaining 40% stake.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/hot-rising-companies-to-buy-right-now-2.html