Canadian Natural Resources Limited Completes the Sale of Its Ownership Interest in the Cold Lake Pipeline
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 12/16/16 -- Canadian Natural Resources Limited ("Canadian Natural" or the "Company") (TSX: CNQ) (NYSE: CNQ) announces that the agreement relating to monetizing the Company's non-core ownership interest in the Cold Lake Pipeline, to Inter Pipeline Ltd ("Inter Pipeline") has been completed.
Canadian Natural received gross proceeds of $350 million in cash and 6,417,740 common shares of Inter Pipeline at an ascribed value of $177.5 million (approximately $186.6 million based upon December 15, 2016 close) for total value of approximately $527.5 million (approximately $536.6 million based upon December 15, 2016 close), subject to closing adjustments.
Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore Africa.
Contacts:
Steve W. Laut
President
Corey B. Bieber
Chief Financial Officer and Senior Vice-President, Finance
Mark A. Stainthorpe
Director, Treasury and Investor Relations
Canadian Natural Resources Limited
2100, 855 - 2nd Street S.W.
Calgary, Alberta, T2P 4J8 Canada
Phone: (403) 514-7777
(403) 514-7888 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 16.12.2016 - 19:25 Uhr
Sprache: Deutsch
News-ID 513505
Anzahl Zeichen: 0
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Oil & Gas
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"Canadian Natural Resources Limited Completes the Sale of Its Ownership Interest in the Cold Lake Pipeline"
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