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By John Tilak and Euan Rocha TORONTO, Oct 30 (Reuters) - Canadian Natural Resources is exploring options for its royalty assets and has held discussions with some pension plans and strategic buyers, according to three sources familiar with the situation. The company has engaged with the Canada Pension Plan Investment Board, Ontario Teachers' Pension Plan and PrairieSky Royalty Ltd, said the sources, who spoke on condition of anonymity as the matter is not public. The move comes about four months after Cenovus Energy Inc agreed to sell its royalty lands to Ontario Teachers' for C$3.3 billion and more than a year after Canada's largest natural gas producer Encana spun off its royalty assets though PrairieSky. Canadian Natural, PrairieSky, CPPIB and Teachers were not immediately reachable for comment. (Reporting by John Tilak and Euan Rocha; Editing by Chizu Nomiyama)
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Canadian Natural Resources Ltd
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PRODUCER |
CODE : CNQ.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Canadian Natural is a producing company based in Canada. Canadian Natural produces oil in Canada, and holds various exploration projects in Canada. Its main asset in production is HORIZON PROJECT in Canada. Canadian Natural is listed in Canada and in United States of America. Its market capitalisation is CA$ 117.6 billions as of today (US$ 86.1 billions, € 80.4 billions). Its stock quote reached its lowest recent point on March 20, 2020 at CA$ 10.50, and its highest recent level on April 25, 2024 at CA$ 105.68. Canadian Natural has 1 112 579 968 shares outstanding. |