Devon (DVN) Gains From Multi-Basin Assets & Debt Management

Devon Energy Corp. (DVN) has been reaping the benefits of strong production volumes from its multi- basin assets spread in the United States. Devon is managing its debt efficiently and using every opportunity to lower its debt burden, which is boosting the company’s margins.Devon currently has a Zacks Rank #4 (Sell). Volatile commodity prices, still-high interest rates and highly competitive oil and gas industry can have an adverse impact on its operations.TailwindsDVN has a diverse commodity mix, with a ba ...