Canadian Natural Looking at Alternatives for B.C. Shale Assets

Reuters reported that Canadian Natural is considering alternatives for its B.C. shale assets, including selling them or finding a partner to help develop them.

As quoted in the market report:

The company, which on Thursday reported a 58 percent drop in fourth quarter profit, said it will look for a buyer or find a partner with liquefied natural gas expertise for 250,000 acres of land it holds in the prolific Montney shale gas field in northeastern British Columbia, about a fourth of all its property in the region.

To view the whole Reuters report, click here.