Goldman said it believes that a "suboptimal allocation" of the crude oil slate would lead to less U.S. and ex-U.S. refinery output of premium transportation fuels like gasoline and diesel.

The combined company will be the largest Alberta Montney and Duvernay landholder, a prominent light oil producer in Saskatchewan ... synergies, creating new opportunities, and setting the stage ...

On the London ICE (Intercontinental Exchange Futures) market, the price of a barrel of Brent crude oil decreased by $1.80, reaching $73.15. On the New York NYMEX (New York Mercantile Exchange) market, ...

The combined company will have an enterprise value of $10.4 billion and produce 370,000 barrels of oil equivalent per day. The merger will create the largest Canadian light oil-focused producer ...