Canadian Natural to sell royalty assets to PrairieSky for $1.8 bln: Reuters
Canadian Natural Resources Ltd will sell most of its royalty assets to PrairieSky Royalty Ltd in a $1.8 billion (US$1.4 billion) deal, joining other oil producers in shedding assets to weather a slump in crude prices, Reuters reported. It was previously reported that Canadian Natural was in talks with Canada Pension Plan Investment Board, Ontario Teachers' and PrairieSky to offload its royalty assets.
9 November 2015•2 mins read
