Canada's biggest oil and gas producer Canadian Natural has bought Painted Pony for $344M.



Canada's biggest oil and gas producer Canadian Natural has bought Painted Pony for $344M. The deal expands the producer's Western Canadian acreage, and is priced at a 17% premium to Painted Pony's friday closing price.


“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.”
Canadian Natural President Tim McKay

  • Instagram
  • LinkedIn

Never Miss a Deal...

© 2021 Focus Finance