Jim Cramer on Devon Energy: “It’s Exactly What You Should Be Buying Right Here”

Devon Energy Corporation (NYSE:DVN) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. During the lightning round, a caller asked for Cramer’s thoughts on the stock, and he commented:

Devon’s a buy, plain and simple. It’s exactly what you should be buying right here because they have tremendous natural gas, and that’s what we’re great at.

Devon Energy Corporation (NYSE:DVN) explores, develops, and produces oil and natural gas. The company operates in several basins, including the Delaware Basin and the Eagle Ford. During the March 11 episode, a caller noted that the stock looks undervalued to them due to the upcoming merger, and Cramer responded:

I agree with you. Great natural gas portfolio. It’s not necessarily going to be linked to the international, but there’s going to be a shortage of natural gas. We all realize that now. They’re doing a good merger. I don’t, I hesitate to recommend any oil and gas after this big run, but if it comes in, I’m going to say yes.

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