Devon (DVN: Untapped opportunity

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By Jim Stack, editor InvesTech Market Analyst

Devon Energy (NYSE: DVN) is refocusing itself. Non-core holdings are being shed, and the proceeds are being used to accelerate growth of the company’s premier North American assets.

We stepped up our allocation to the stock in November when the restructuring was announced, and have already seen an 11% increase in our investment – more than double the market. Yet, even after recent gains, Devon continues to look attractive as the full effects of the transition are still materializing.