The purchase of Devon Energy's conventional Canadian portfolio gave Canadian Natural Resources Ltd. an incremental 2.7 million net acres of fee simple and Crown royaltyland providing $75 million in royalty income. During the company's Q1 earnings call, president Steve Laut said CNRL is considering combining those assets with its existing royalty assets and either spinoff or selling the entire royalty revenue stream.CNRL expects the combined royalty portfolio to provide $140-150 million of annual pre-tax......
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