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.

洞察:
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 CACAon December 30, though details of the discussions were not reported until January 14.
FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol//File Photo
FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol//File Photo
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