Canadian Natural Resources settled competition concerns with Canada's Competition Bureau, divesting stake in joint venture.

From Yahoo Finance: 2025-06-28 13:24:00

Canadian Natural Resources Limited (NYSE: CNQ) has settled competition concerns with Canada’s Competition Bureau regarding its acquisition of Schlumberger’s stake in a joint natural gas venture, making it one of Goldman Sachs’ top energy stock picks. The company has agreed to divest a 75% stake in the Seiu Lake facility to North 40 Resources Inc. Regulators were concerned about market concentration and reduced customer choices due to the acquisition, which would have strengthened the company’s position in the sector. Canadian Natural Resources operates in a diversified portfolio of assets, including conventional natural gas and light crude oil.



Read more at Yahoo Finance: Canadian Natural Resources (CNQ) Reaches Agreement with Canada’s Competition Bureau