Canadian Natural buying Devon Energy’s Canadian assets for $3.8B
Includes thermal in situ oil sands production and conventional primary heavy crude oil operations next door.
Canadian Natural cuts $1B from budget due to low oil price
Oil sands producer will ramp up capital spending if prices improve and stabilize, and there’s clarity on market access.
Royal Dutch Shell to sell stake in Canadian Natural Resources
Joins other energy players that have reduced their exposure in the oil sands.