.
MergerLinks Header Logo

New Deal


Announced

Completed

Canadian Natural Resources completed the acquisition of Painted Pony Energy for $461m.

Synopsis

Canadian Natural Resources, a company engaged in hydrocarbon exploration, completed the acquisition of Painted Pony Energy, a publicly-traded natural gas company based in Western Canada, for $461m. The price included the assumption of Painted Pony's total debt of approximately $350m. "This acquisition further strengthens Canadian Natural's natural gas assets and production base in key operating areas and complements the company's diversified portfolio. This transaction also allows us to further insulate against natural gas costs in our oils sands operations and has minimal impact on the company's low overall corporate decline rate. We look forward to working together with the staff currently employed by Painted Pony," Tim McKay, Canadian Natural President.

Show Details & Financials

Market Context

Sort

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US