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Byline: Gerard A. Achstatter
Investor's Business Daily
Devon Energy Corp. seems to have found the Midas touch that some of its more well-heeled neighbors have trouble grasping.
The independent oil and natural gas firm has adopted a winning mix of acquisitions and energy exploration, analysts say. And oil producers near the Oklahoma City-based firm are envious.
"The Texas crowd was scooped by the Okies," said Robert Christensen, analyst atFirst Albany Corp. "The rest of t
he industry was left shaking their heads."
On the buying side, Devon completed three major acquisitions in the last 18 months - Northstar Energy Corp., PennzEnergy Co. and Santa Fe Snyder Corp.
"The company …