TSX:CNQOil and Gas
Canadian Natural Weighs $1b Gas Deal And Future Shareholder Payouts
Canadian Natural Resources (TSX:CNQ) is in advanced talks to acquire a major natural gas asset portfolio from Tourmaline Oil.
The package centers on Tourmaline’s Peace River natural gas business in Alberta.
Regulatory filings have been submitted, signaling that negotiations are well progressed.
The potential deal value is reported at more than $1b.
For you as an investor, this potential move matters because TSX:CNQ is already one of Canada’s largest oil and gas producers, with a mix of...