Acquisitions & Divestitures

Crescent Point Energy Corp., Calgary, (Toronto: CPG) has set its sights on Wild Stream Exploration Inc., Calgary, (Toronto Venture: WSX) in a deal valued at approximately C$610 million.

The deal values production at C$109,800 per producing barrel equivalent, proved reserves at C$33.69 per barrel equivalent and proved and probable reserves at C$20.66 per barrel equivalent, according to Wild Stream.

Along with the deal with Crescent Point, Wild Stream will spin off a portion of its assets to a new entity in an additional deal valued at C$160 million, bringing Wild ...