Best Clean Energy Stocks To Invest In 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 Robert Rapier]
In any case, the fracking boom has vaulted the US into the position of the largest natural gas producer in the world. As of the second quarter of 2014, the top five natural gas producers in the US were ExxonMobil, Chesapeake Energy (NYSE: CHK), Anadarko Petroleum (NYSE: APC), Southwestern Energy (NYSE: SWN) and Devon Energy (NYSE: DVN)
- [By Arjun Sreekumar]
Meanwhile, John Richels of Devon Energy (NYSE: DVN&nb! sp; ) , an energy producer with a market cap of nearly $22.5 billion, took home $12.8 million last year, not including the rise in the value of his pension. Even Ryan Lance, who heads up ConocoPhillips (NYSE: COP ) , which has a market cap more than fivetimes that of Chesapeake's, only took home $19.3 million last year.
- [By Stephan Dube]
Cold Lake's most notable producers:
Husky Energy (HUSK.PK), see article here.Pengrowth Energy Corporation (PGH), see article here.Southern Pacific Resource (STPJF.PK), see article here.Canadian Natural Resources (CNQ), see article here.Devon Energy (DVN), see article here.Imperial Oil (IMO), see article here.Baytex, see article here.Bonavista Energy (BNPUF.PK), see article here.Athabasca's most notable producers:
- [By Robert Rapier]
Devon Energy (NYSE: DVN) is one of the major oil and gas producers in North America. Historically the company has produced more natural gas than oil — at present producing more than 3 percent of the natural gas consumed in North America — but Devon is now focused on producing more liquids. At present these make up only about a third of the output, but the company anticipates pushing that to 50 percent by 2016 and is devoting substantial capital to that goal.
source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/best-clean-energy-stocks-to-invest-in-right-now-3.html
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