15 Feb 2014 More

Canadian Natural Resources Goes on a Shopping Spree

posted by Unknown @ 08:00 0 Comments

Canadian Natural Resources Logo
It wasn't even six weeks ago that Canadian Natural Resources decided not to sell off a portion of its natural gas assets.  This being a buyer’s market, the company decided to turn 180 degrees and acquire gas assets from Devon Energy instead.

The $3.1 billion acquisition will add $75 million per year in new royalty payments to the company’s bottom line.  Without even getting into the details, it’s clear to see why this was a good deal for CNR.

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