| Canadian Natural to sell royalty assets to PrairieSky for C$1.8 bln | |
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Nov 9 (Reuters) - Canadian Natural Resources Ltd said it will sell a part of its royalty assets to PrairieSky Royalty Ltd in a cash-and-stock deal worth C$1.8 billion ($1.4 billion), as the oil producer sheds assets to weather a slump in crude prices. PrairieSky will pay C$680 million in cash and about 44.4 million in stock valued at C$25.20 per share, Canadian Natural Resources said in a statement on Monday. ($1 = C$1.33) (Reporting by Amrutha Gayathri in Bengaluru; Editing by Savio D'Souza)
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Canadian Natural Resources Ltd
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PRODUCER |
CODE : CNQ.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Canadian Natural is a producing company based in Canada. Canadian Natural produces oil in Canada, and holds various exploration projects in Canada. Its main asset in production is HORIZON PROJECT in Canada. Canadian Natural is listed in Canada and in United States of America. Its market capitalisation is CA$ 51.0 billions as of today (US$ 37.6 billions, € 33.8 billions). Its stock quote reached its lowest recent point on March 20, 2020 at CA$ 10.50, and its highest recent level on March 15, 2024 at CA$ 99.96. Canadian Natural has 1 112 579 968 shares outstanding. |