CANADIAN NATURAL RESOURCES AND PRAIRIESKY ROYALTY ANNOUNCE COMBINATION OF ROYALTY BUSINESSES AND CONCURRENT PRAIRIESKY FINANCING
Monday, November 9th, 2015 at 6:30am MT / 8:30am ET
Speaker:
Andrew Philips, President and CEO
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About the Companies:
Canadian Natural is one of the largest independent crude oil and natural gas producers in the world. The Company continually targets cost effective alternatives to develop our portfolio of projects and to deliver our defined growth plan, thereby creating value for shareholders.
We have an effective and efficient, diversified combination of assets in North America, the North Sea and Offshore Africa, which enables us to generate significant value, even in challenging economic environments.
Our balanced mix of natural gas, light crude oil, heavy crude oil, in-situ oil sands production, oil sands mining and associated upgrading facilities, represents one of the strongest and most diverse asset portfolios of any energy producer in the world.
Our financial discipline, commitment to a strong balance sheet, and capacity to internally generate cash flows provide us the means to grow our company in the long term.
For more information about the company please visit www.cnrl.com
PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating free cash flow and that represent one of the largest and most concentrated independently-owned fee simple mineral title positions in Canada. PrairieSky common shares trade on the Toronto Stock Exchange under the symbol PSK.
For more information about the company please visit www.prairiesky.com/a>