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.

While we acknowledge the risk and potential of DVN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DVN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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