Canadian Natural ponders spin off or sale of royalty income

0
180

Calgary: Canadian Natural Resources Ltd, the country’s largest independent oil and gas producer, said on Friday it will consider spinning off or selling its stream of royalty income from its wholly owned lands in Western Canada making it the latest Canadian energy company to ponder the move. Steve Laut, the company’s president, said the company was in the early stages of considering the spin-off of its royalty income, which are payments from third-party oil and gas production on its lands.