Canadian Natural Resources seeks billion dollar acquisition of Tourmaline Oil assets in Montney basin
Canadian Natural Resources is in talks to buy a billion dollar gas portfolio from Tourmaline Oil. The deal targets the Montney basin to prepare for rising LNG exports.
Insights:
Canadian Natural Resources Limited is negotiating to acquire a portfolio of Natural Gas properties from Tourmaline Oil Corp for more than $1 billion. This potential transaction, centered in the Montney basin within the Peace River region of Alberta, came to light following a regulatory filing with the Competition Bureau of CA 
CAon December 30, though details of the discussions were not reported until January 14.
CAon December 30, though details of the discussions were not reported until January 14.
