Barrons.com
For investors who think the oil price rebound is here to stay and who want to invest in a shale-drilling rebound, (DVN) offers a unique and potentially lucrative payoff. Its recently closed acquisition of fellow producer WPX Energy gives the Oklahoma City producer scale, and should allow it to return more capital to shareholders, analysts say. Devon (ticker: DVN) is no slam dunk — it has holdings on federal land that could be affected by Biden administration policies — but it also has an innovative dividend policy that has been attracting some investors.