Canadian Natural Resources Ltd, Canada's largest independent oil producer, said on Thursday it has dropped plans to sell some of its shale gas-rich Montney properties after failing to attract a suitable offer.The lands, which straddle the border of northern Alberta and British Columbia, contain an estimated 6.7 trillion cubic feet equivalent of natural gas and high-value gas liquids. Canadian Natural put them on the block last March, looking to raise cash or to find a joint-venture partner for properties that it would otherwise not develop for years.The company said a number of parties had expressed interest in the properties. "However, none of the expressions were of sufficient merit to complete a transaction at this time," the company said in a statement.Canadian Natural was one of several companies looking for partners to help develop the liquids-rich shale-gas regions of Western Canada. EnCana Corp, Talisman Energy Inc and others have put lands in the Montney and in Alberta's Duvernay region on the block.
Talisman Energy Inc. (Talisman) is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM fell by 2.29% or $-0.265/share to $11.32. In the past year, the shares have traded as low as $10.34 and as high as $13.38. On average, 4774720 shares of TLM exchange hands on a given day and today's volume is recorded at 2106027.
Talisman Energy Inc. (Talisman) is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM fell by 1.76% or $-0.22/share to $12.30. In the past year, the shares have traded as low as $10.68 and as high as $13.83. On average, 2178680 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 638317.
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