Suncor Energy Inc. (SU-T 28.82 0.00 0.00%) is selling the majority of its conventional natural gas business in the Western Canadian Sedimentary Basin for $1 billion in cash to Centrica PLC and Qatar Petroleum International.
British energy giant Centrica will hold a 60-percent stake, and state-owned Qatar a 40-percent share, in a newly created partnership that will hold the assets, to be operated by Centrica.
http://www.bnn.ca/News/2013/4/15/Suncor-sells-assets-to-Centrica-Qatar-Petroleum-for-1B.aspx#.UWv-n3uPAUs.facebookhttps://www.facebook.com/BradHermanRealEstate?ref=hl
