Canadian Natural (TSE:CNQ) has released an update.
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Canadian Natural Resources Limited is set to bolster its oil sands and light crude oil portfolio through the strategic acquisition of Chevron Canada’s assets in Alberta, along with a significant 7% dividend increase for shareholders. The deal, valued at US$6.5 billion, will enhance Canadian Natural’s production capabilities by approximately 122,500 barrels of oil equivalent per day and promises immediate cash flow and long-term value for its shareholders.
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