Crescent Point's (CSCTF.PK) $784M acquisition of Ute Energy could herald a Utah oil boom, Wells...

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

Crescent Point's (CSCTF.PK) $784M acquisition of Ute Energy could herald a Utah oil boom, Wells Fargo analysts say. Investors are aware of the problems producers in eastern Utah face getting oil and gas to market, “but the entry of a company with the balance sheet to develop infrastructure is a positive.” Other players with an area presence: EOG, XOM, APC, NFX, BRY, BBG.