This purchase is a great fit

Article Excerpt

CRESCENT POINT ENERGY CORP. $45.77 (Toronto symbol CPG; Shares outstanding: 277.9 million; Market cap: $12.7 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.0%; www.crescentpointenergy.com) is buying Wild Stream Exploration (Toronto symbol WSX) for $770 million in Crescent Point shares. Wild Stream will add 6,400 barrels of oil per day to Crescent Point’s daily production, or an increase of about 4%. As well, Wild Stream’s properties are near Crescent Point’s existing holdings in southeastern Saskatchewan and central Alberta. That will help keep their operating costs low; it will also make it easier for Crescent Point to deploy its proven drilling techniques in those areas. Crescent Point is still a buy. buy…