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A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alta., June 30, 2009
A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alta., June 30, 2009
(© Todd Korol / Reuters/REUTERS)

Canadian Natural Resources poised for natural gas sales

Canadian Natural Resources Ltd., which recently joined the slew of companies trying to offload some of their natural gas plays, has picked out its bankers to help it find a buyer – a potential deal that could influence the company’s liquefied natural gas plans.

CNRL hired BMO to help market the 243,000 acres of its Montney holdings the oil and gas outfit recently put on the auction block, Steve Laut, CNRL’s president, told reporters at the company’s investor day Wednesday. This slice represents a little less than a quarter of its leases there.