Canadian Natural Resources Limited

09:48 AM EST - Canadian Natural Resources Limited : Has entered into a definitive arrangement agreement with Painted Pony Energy Ltd. relating to the acquisition of all the issued and outstanding common shares of Painted Pony, for a cash consideration of $0.69 per share. The Company will also assume Painted Pony’s total debt of approximately $350 million. This transaction value represents approximately 1% of Canadian Natural’s enterprise value and does not materially impact the Company’s balance sheet strength or liquidity position. Canadian Natural Resources Limited shares T.CNQ are trading up $0.17 at $26.90.