Top Stocks To Watch As The U.S. Opens Up To Condensate Exports

This article was first published by Seeking Alpha on January 7, 2015

By Sarfaraz A. Khan. Research Asst. Iffat Zehra

Since 1970s, the U.S. oil companies have been mostly prohibited from exporting locally produced crude oil. The ban was aimed at safeguarding the U.S.'s national interest as a reaction to the Arab oil embargo in that period which undermined crude supplies in the U.S., given the embargo came at a time when U.S. was already struggling with deteriorating oil production.

Devon Energy to Expand Production No Matter What OPEC Does

This article was first published by TheStreet on December 2, 2014. 

NEW YORK (TheStreet) -- Saudi Arabia and the 11 other oil-producing nations in the Organization of the Petroleum Exporting Countries failed to apply the brakes to plunging oil prices when it left production alone during last week's meeting. 

Devon Energy's (DVN)   can still post double-digit production growth and improve its profitability. Here's why.

Continental Resources and EOG Are the Big Winners of the Shale Boom

This article was originally published by TheStreet on July 10, 2014. 

By Sarfaraz A. Khan

NEW YORK (TheStreet) -- The U.S. is on track to become the biggest oil producer on the planet, surpassing Russia and Saudi Arabia thanks to the shale revolution.

Oil majors Exxon Mobil (XOM_) and Chevron (CVX_) have failed to capitalize on the shale boom, playing second fiddle to their relatively smaller exploration and production peers Devon Energy (DVN_), Chesapeake Energy (CHK_), Continental Resources (CLR_) and EOG Resources (EOG_).

But despite playing a major role in the shale boom, natural gas-focused Devon and Chesapeake and oil-focused Continental and EOG aren't profiting equally. Right now Continental and EOG are the winners.

Devon Energy Stock Will Continue Its Impressive Rally. Here's Why

This article as originally published by TheStreet on June 5, 2014

By Sarfaraz A. Khan

NEW YORK (TheStreet) -- Unlike some of its peers, Devon Energy (DVN_) has been slow to shift from natural gas to oil, but it is quickly catching up.

The company is selling its noncore assets and is using the proceeds to fuel its growth in liquid fuels. Despite the asset sales, the company is eyeing double-digit growth in its oil production in the coming years, which will drive margin expansion and cash flow growth.

By the end of this year, Devon has forecast that its production will be 40% oil and 20% natural gas liquids, a significant shift from a few years ago when 70% of its production was natural gas.