Canadian Natural Resources Limited Announces Swap Transaction
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Canadian Natural Resources Limited (NYSE: CNQ) has announced an asset swap with Shell Canada Limited, exchanging a 10% working interest in the Scotford Upgrader and Quest facilities for Shell's 10% interest in the Athabasca Oil Sands Project and other oil sands leases.
January 29, 2025 | 11:15 pm
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Canadian Natural Resources Limited is enhancing its position in the Athabasca Oil Sands Project by swapping assets with Shell, which could strengthen its oil sands portfolio.
The asset swap allows Canadian Natural to increase its stake in the Athabasca Oil Sands Project, potentially boosting its oil sands production and reserves. This strategic move is likely to be viewed positively by investors, as it enhances the company's asset base in a key area.
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