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Investment Q&A

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Canadian Natural Resources Limited (CNQ $67.14)
- $67.14 P/E (TTM): 20.98X Cap: $139.21B
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Tourmaline Oil Corp. (TOU $66.59)
- $66.59 P/E (TTM): 93.18X Cap: $25.79B
- View TOU Profile
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Q: I read that the Federal Gov't approved the deal between companies. Any other news regarding money between the 2 companies. Maybe I missed the news. When do they report financials.Tks 5i

Asked by Guy on February 24, 2026

5i Research Answer:

CNQ reports March 05; TOU March 04. Canada's Competition Bureau issued a No Action Letter (NAL) on January 27, 2026, clearing Canadian Natural Resources (CNQ) to acquire Tourmaline Oil's (TOU) Peace River High natural gas assets, advancing the previously reported $1 billion+ deal. This federal approval indicates the regulator does not intend to challenge the transaction at this time. We have not seen other financial news between the two.

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