Baytex Energy announces plan to buy U.S. producer Ranger Oil in $3.4-billion deal

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Baytex Energy announces plan to buy U.S. producer Ranger Oil in $3.4-billion deal
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Ranger Oil deal will expand Baytex\u0027s assets in Eagle Ford shale. Read more

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“The Ranger acquisition is strategic,” said Baytex chief executive Eric Greager in a statement, adding that the move is expected to nearly double the company’s free cash flow. “We are building an even stronger Canadian energy company with a high-quality diversified oil-weighted portfolio across the Western Canadian Sedimentary Basin and the Eagle Ford.”Suncor names former Imperial chief Rich Kruger as new CEO amid shareholder pressure

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