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Investment Q&A

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Canadian Natural Resources Limited (CNQ $46.83)
- $46.83 P/E (TTM): 14.14X Cap: $95.80B
- View CNQ Profile
- View Questions on CNQ
Tourmaline Oil Corp. (TOU $58.51)
- $58.51 P/E (TTM): 17.06X Cap: $22.88B
- View TOU Profile
- View Questions on TOU

Q: Comments on CNQs purchase of TOU assets? Outlook for both companies after transaction?
Thanks.

Asked by David C. on January 14, 2026

5i Research Answer:

CNQ is looking to purchase roughly $1 billion in Natural Gas assets from Tourmaline. There is not a whole lot of information out on this yet as nothing is official but it looks like not a bad move by TOU. It helps them monetize some assets while also cleaning up their balance sheet and giving them some growth capital for other projects as well. For CNQ, it increases their exposure to nat gas as the LNG market in Canada grows.

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