Fueled by a $5 Billion Acquisition, This Oil Stock Expects 2025 to Be "Exceptionally Strong"

Devon Energy expects its Grayson Mill deal to pay big dividends next year. Devon Energy (DVN -1.52%) has struck out on several potential acquisition opportunities over the past year. However, the company finally found a deal to its liking in July, agreeing to buy Grayson Mill Energy for $5 billion. The highly accretive transaction is a strong strategic fit for the oil company. The oil producer is working to close the deal by the end of the third quarter. Given that timing, it should provide the oil stock wi ...