Devon Energy is set to benefit from higher oil prices, and it is likely to reward investors with higher dividends as it does.
These leading oil companies don't plan to ramp up their drilling activities now that prices are higher.
Fortunately for budget-minded investors -- or even those who are contrarians -- energy stock Devon Energy (NYSE: DVN) and renewable energy specialist Enphase Energy (NASDAQ: ENPH) are two stocks that currently present great buying opportunities. Lee Samaha (Devon Energy): The company's overall dividend is highly likely to follow the direction of the price of oil, so the stock will suit investors looking for energy exposure. As with most businesses, Devon pays a dividend from its free cash flow (FCF); that's the fixed part, which equated to $0.20 in the last quarter.