This oil and gas company's strategic acquisition makes sense and can propel the stock even higher.Diamondback Energy's (FANG -1.45%) share price rise of 29.1% in the first six months of 2024 easily outpaced the 14.5% gain of the S&P 500. That's great news for investors. But investing is much more about future potential than past performance. Can this outperformance continue? What conditions are needed to ensure Diamondback keeps outperforming?Acquisition feverThe last couple of years have been a period of m ...