Advertisement
Canada markets close in 2 hours 39 minutes
  • S&P/TSX

    22,325.30
    +65.83 (+0.30%)
     
  • S&P 500

    5,196.95
    +16.21 (+0.31%)
     
  • DOW

    38,924.70
    +72.43 (+0.19%)
     
  • CAD/USD

    0.7289
    -0.0032 (-0.44%)
     
  • CRUDE OIL

    78.90
    +0.42 (+0.54%)
     
  • Bitcoin CAD

    87,124.12
    +122.45 (+0.14%)
     
  • CMC Crypto 200

    1,316.26
    -48.87 (-3.58%)
     
  • GOLD FUTURES

    2,321.20
    -10.00 (-0.43%)
     
  • RUSSELL 2000

    2,075.58
    +14.91 (+0.72%)
     
  • 10-Yr Bond

    4.4390
    -0.0500 (-1.11%)
     
  • NASDAQ

    16,383.73
    +34.48 (+0.21%)
     
  • VOLATILITY

    13.40
    -0.09 (-0.67%)
     
  • FTSE

    8,313.67
    +100.18 (+1.22%)
     
  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     
  • CAD/EUR

    0.6771
    -0.0021 (-0.31%)
     

Shell sells non-core acreage in Canada for about $1 billion

A logo of Shell is pictured at a gas station in the western Canakkale province, Turkey April 25, 2016. REUTERS/Murad Sezer (Reuters)

(Reuters) - Royal Dutch Shell Plc said on Thursday it is selling about 206,000 acres of non-core oil and gas properties in Canada to Tourmaline Oil Corp for about $1.03 billion. The deal consists of $758 million in cash and Tourmaline shares valued at $279 million, Shell said. (Reporting by Sangameswaran S in Bengaluru; Editing by Maju Samuel)