Crescent Point Energy (CSCTF.PK) agrees to buy smaller rival Wild Stream Exploration (WDPIF.PK)...

|About: Crescent Point Energy Corp (CPG)|By:, SA News Editor

Crescent Point Energy (CSCTF.PK) agrees to buy smaller rival Wild Stream Exploration (WDPIF.PK) for C$770M. Crescent Point expects to buy about 5,400 barrel of oil equivalent per day of Wild Stream's production; the balance will be transferred into a new junior exploration company to be publicly listed and led by Wild Stream CEO Neil Roszell.