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A pump jack pulls crude oil from the Bakken region of the Northern Plains near Bainville, Mont. on Nov. 6, 2013.
A pump jack pulls crude oil from the Bakken region of the Northern Plains near Bainville, Mont. on Nov. 6, 2013.
(Matthew Brown/The Canadian Press)

As Bakken shale heats up, Canadian firms’ plans diverge

A $3.8-billion (U.S.) takeover in the North Dakota Bakken has focused attention on operations in the red-hot region by a pair of Canadian companies – and they are headed in opposite directions.

Baytex Energy Corp. is re-evaluating its position in the Bakken shale, while Enerplus Corp. has gone all-in, directing 40 per cent of its 2014 capital spending to its holdings there.