An energy name in Josh Brown's Best Stocks list just completed a big merger, adding to its bull case

(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — We're going to take a break from the AI capex buildout theme today and take a look at another area of the market that's not so hot. A major energy merger has closed, and the combination of Devon Energy and Coterra Energy has created a gigantic player with one of the lowest costs of production in the patch. Today Devon Energy and Coterra Energy officially became one company. We're looking at the stock in a drawdown, not as it's making a new high. The stock fell Wednesday from a confluence of having reported a so-so earnings quarter along with the typical merger arbitrage related pressure that comes along with closing of a deal. That pressure should abate and the stock may find support here. We're writing about it at what may end up being a very attractive entry for people who do not currently have energy exposure. Now that the companies have combined, it's important for new investors to understand why they did the deal in the first place. Both operators already owned premier acreage in the Delaware Basin. That's the western sub-basin of the Permian in West Texas and southeastern New Mexico, and it has emerged as the most productive and economical place to drill for oil in the country. Rather than compete for the same inventory separately, they decided to dominate it together. …