What Do Rate Hikes Imply for Devon Energy (DVN)?

We just published a list of 10 Best Stocks to Buy for a Rising Interest Rate Environment, and Devon Energy Corp. (NYSE:DVN) ranked 6th on this list.

After a prolonged run of easing speculation, the interest rate outlook has taken a shift. Back in September, the Federal Reserve increased rates by 25 basis points, and economists are now anticipating another rate hike in December, according to a recent Reuters poll. Bond markets have already reacted to yield curve changes, as the 10-year...