With Crude Prices Around $75 a Barrel, This High-Yielding Oil Stock Is an Incredible Bargain

Devon Energy is a dirt cheap free-cash-flow machine. Crude oil prices have bounced around quite a bit this year. They were recently around $75 per barrel, which is about 5% higher than they began the year. It's a great price point for most oil companies, which can produce a lot of cash at that level. That's certainly the case with Devon Energy (DVN -0.49%). It can produce a gusher of free cash flow at the current price point. Despite that, the oil stock trades at a bottom-of-the-barrel valuation (even more ...