The following is an excerpt from John Reeves, The Motley Fool | April 21, 2012 | DailyFinance.com |
The following video is part of our “Motley Fool Conversations” series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
Crumbling natural gas prices have taken their toll on Devon Energy’s stock price. Fortunately, the company continues to shift production toward oil and has plenty of capital to make that happen. The company’s stock is down almost 26% since its March 2011 high, but David thinks that could change if natural gas prices begin to rise again. Ultimately, this may be a relatively less-risky natural-gas play.
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