CNBC Investing Club

Investing Club: We're starting a new position in this energy name, buying more of a bank

A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.
Nick Oxford | Reuters

We are initiating a position in Devon Energy (DVN), buying 750 shares at roughly $44.35. In addition, we are buying 75 shares of Morgan Stanley (MS) at roughly $93.84.