Canadian Natural Resources (CNQ) Misses Q2 EPS by 14c

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Canadian Natural Resources (CNQ) Reports Acquisition of Painted Pony Energy Ltd.

August 10, 2020 5:49 AM EDT

Canadian Natural Resources Limited (NYSE: CNQ) announces it has entered into a definitive arrangement agreement with Painted Pony Energy Ltd. (Painted Pony) relating to the acquisition of all the issued and outstanding common shares of Painted Pony, for a cash consideration of $0.69 per share. The Company will also assume Painted Ponys total debt of approximately $350 million. This transaction... More