Mad Money with Jim Cramer

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Devon Energy (DVN)

Devon Energy engages in the acquisition, exploration, development and production of oil and natural gas. Although based in Oklahoma City, it currently owns oil and gas properties across the U.S., including the Permian Basin in Texas and New Mexico, the Rocky Mountains and elsewhere. Executives decided that it’s the right time to look for additional oil prospects and the company has a new find that’s being kept under wraps, Cramer says. If it’s big enough, this latest discovery could move the needle for the stock, he adds.

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