Baytex to acquire eagle ford operator ranger oil, accelerates shareholder returns and introduces a dividend with enhanced free cash flow

Calgary, alberta--(newsfile corp. - february 28, 2023) - baytex energy corp. (tsx: bte) (nyse: bte) ("baytex", the "company" or "we") today announced that it has entered into a definitive agreement (the "agreement") to acquire ranger oil corporation (nasdaq: rocc) ("ranger"), a pure play eagle ford company (the "acquisition"). the total consideration to be paid by baytex, including assumption of net debt, is approximately us$2.5 billion (c$3.4 billion).
BTE Ratings Summary
BTE Quant Ranking