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Stocks in play: Baytex Energy Corp.

and Raging River Exploration Inc. announced that their respective boards of directors have unanimously agreed to a strategic combination of the two companies. The combined organization will be a well-capitalized, oil-weighted company with an attractive growth and free cash flow profile provided by its world class assets across North America. The combined organization will have an enterprise value of approximately $5 billion and operate under the Baytex name. Baytex Energy Corp. shares T.BTE are trading down $0.64 at $4.46.