1 Monster Energy Stock to Hold for the Next 20 Years (And Shares Are Still Under $50)
2026-03-16 19:05:00 ET
Devon Energy (NYSE: DVN) combines low-cost oil production, a proven capital return framework, and a transformative merger that makes it structurally larger and more durable. Shares are currently trading under $50.
The long-term structural case for Devon starts at the wellhead. Production costs came in at $8.60 per Boe in Q4 2025, 3% below guidance, against a WTI price of $64.51 per barrel in February 2026. That spread is the margin of safety that keeps Devon profitable when oil dips. Even during the pandemic trough of April 2020, when WTI collapsed to $16.55 per barrel, Devon kept generating operating cash flow and maintained its dividend. The business did not break; it bent.
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