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The Oil Market's Massive M&A Wave Has Devon Energy on the Outside Still Looking for a Deal

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The Oil Market's Massive M&A Wave Has Devon Energy on the Outside Still Looking for a Deal: https://g.foolcdn.com/editorial/images/770160/the-silhouette-of-some-people-pointing-to-an-oil-well.jpg

Energy companies have signed over $180 billion in merger agreements over the last six months. However, Devon Energy (NYSE: DVN) has gotten left out of the current merger wave washing over the oil patch.

The oil producer has reportedly pursued several acquisition targets, only to lose to a competitor. Because of that, the company won't get the merger-fueled boost its rivals expect to see in their deals.

Here's a look at the deals Devon reportedly missed and potential targets the oil stock could pursue next.

Source Fool.com

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