Canadian Natural Resources(US:CNQ) Zhi Tong Cai Jing·2026-01-15 06:48Core Viewpoint - Canadian Natural Resources Limited (CNQ.US) is negotiating to acquire a natural gas asset portfolio from Tourmaline Oil in Alberta, valued at over $1 billion [1] Group 1: Acquisition Details - Canadian Natural Resources submitted federal approval documents related to the Tourmaline transaction to the Canadian Competition Bureau on December 30, 2025 [1] - The specific details of the potential transaction have not been publicly disclosed as of the submission date [1] - The assets targeted for acquisition are located in the Montney Basin in Alberta and were put up for sale by Tourmaline in November 2025 [1] Group 2: Tourmaline Oil Overview - Tourmaline is a significant natural gas producer in the Montney Basin, holding a crucial position in the region [1] - The Montney Basin is a key natural gas production area in Canada, with a daily gas output of approximately 10 billion cubic feet, accounting for about half of Canada's total natural gas production [1] - Tourmaline operates an extensive business in the Peace River area, with 2,428 horizontal wells, 34 gas processing plants, and a pipeline network spanning 15,500 kilometers [1] Group 3: Market Context - The focus on the Montney Basin has increased significantly since the commissioning of the British Columbia LNG export terminal last year [2] - The basin offers one of the most economically beneficial natural gas production models for Canada [2]