Devon Energy Could Soon Join the Oil Patch Acquisition Binge

There's currently a massive consolidation wave happening in the oil patch. Oil giants ExxonMobil, Chevron, and Occidental Petroleum have sealed deals to buy rivals. Meanwhile, several smaller producers have also made acquisitions. Devon Energy (DVN 2.66%) could be the next oil stock to make an acquisition. It has reportedly offered to buy Enerplus (ERF 8.16%). Here's a look at why Devon is interested in the company. Drilling down into EnerplusEnerplus is a Canadian headquartered, U.S.-focused oil and gas co ...