Focus is on repaying debt, but opportunistic Canadian Natural also open to 'sporadic' dealmaking
Article content CALGARY — In the middle of a wave of mergers and acquisitions in the Canadian oil and gas industry, Canadian Natural Resources Ltd. sees opportunities but will balance its appetite for dealmaking with paying down its debt, according to the company’s top executive. The Calgary-based company announced Thursday it would focused on deleveraging this year and set a goal of bringing down its debt to $15 billion. The company currently owes $20.1 billion in long-term debt, which is 8 per cent higher than last year when the company was carrying $18.6 billion of long-term liabilitie...