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CS - CNRL ahead in race toward $135MM/year in Devon savings - August 2019

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Canadian Natural Resources Ltd. is moving quickly to fully integrate assets from its $3.8 billion acquisition of Devon Energy’s Canadian business in late June and is already ahead of its plan to eventually realize $135 million in annual cost savings. During its Q2 earnings call, executive vice chairman Steve Laut said although CNRL has a good idea of operational opportunities for any purchase it makes, once a deal closes it can do a deeper......
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