Britain's Centrica and Qatar Petroleum International (QPI) have bought gas and oil assets in Canada from Suncor Energy for C$1 billion, ($987 million) including some with potential for shale gas production, they said on Monday.The deal is the first joint investment for Britain's biggest energy supplier and the world's largest liquefied natural gas (LNG) exporter since they signed a memorandum of understanding (MoU) in December 2011.It also shows how Middle East oil and gas producers are increasingly interested getting a share of the unconventional oil and gas production boom that has hit their sales to North America.The fields in the Western Canadian Sedimentary Basin will be held in a new partnership in which Centrica will own a 60 percent share with the remaining 40 percent owned by QPI.
Suncor Energy Inc. (Suncor) is an integrated energy company. Shares of SU remained unchanged at $28.43. In the past year, the shares have traded as low as $25.95 and as high as $35.82. On average, 3999970 shares of SU exchange hands on a given day and today's volume is recorded at 300.
Suncor Energy Inc. (Suncor) is an integrated energy company. Shares of SU fell by 2.9% or $-0.86/share to $28.82. In the past year, the shares have traded as low as $26.97 and as high as $34.99. On average, 3388920 shares of SU.TO exchange hands on a given day and today's volume is recorded at 3578138.
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