The purchase price represents an all-time high share price for Storm, as well as a premium of 10 per cent to Storm's 10-day volume-weighted average trading price on the
The deal will give CNRL access to Storm's existing production and infrastructure in the
CNRL says Storm's current production in the area is approximately 136 million cubic feet per day of natural gas and 5,600 barrels per day of natural gas liquids.
As part of the proposed deal, CNRL will assume Storm's total debt of approximately
In
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Companies in this story: (TSX:CNQ, TSK:SRX)
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