This Top Oil Stock Finally Gets In on the Sector's Acquisition Wave. Time to Buy?

After striking out several times, Devon Energy finally sealed a deal to increase its scale. Devon Energy (DVN -1.08%) has been trying to participate in the merger wave. Until recently, it had struck out several times as its targets agreed to deals with another rival. Devon Energy has agreed to buy Grayson Mill Energy's Williston Basin business for $5 billion. It's paying $3.25 billion in cash and $1.75 billion in stock. Devon Energy will fund the cash component with its strong balance sheet, which includes ...