Investing.com - Financial Markets Worldwide

Canadian Natural Resources not expecting ramp up in M&A activity

Published 2016-03-03, 12:14 p/m
© Reuters. Canadian Natural Resources not expecting ramp up in M&A activity
CNQ
-

CALGARY, March 3 (Reuters) - Canadian Natural Resources
CNQ.TO played down the prospects of a ramp up in takeover
activity in the sector this year, saying the gap between buyers
and sellers' expectations remains an impediment.
"I think there's still too big a gap between sellers'
expectations and what the buyer wants to pay. We look at every
asset that comes through our core areas. I don't see us being
that active although we do always look," the company's President
Steve Laut told analysts on a conference call on Thursday.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.