Globw & Mail-CNRL deal signals gas is on the rise again
DAVID PARKINSON
CNRL deal signals gas is on the rise again
Canadian Natural Resources Ltd. looks to be renewing its commitment to natural gas. Its timing could prove fortuitous.
The Calgary-based oil and gas company, best known as one of the major players in Alberta’s oil sands, last month abandoned its plan to sell its natural-gas assets in the Montney region of British Columbia. Now it’s doubling down on natural gas, buying Western Canadian gas assets from Devon Energy Corp. for $3.1-billion.
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