Shell spins off Canadian shale

SHELL is selling is Canadian onshore oil assets in Alberta to local company Crescent Point Energy for US$708.6 million, broken down to $550 million and 50 million shares in Crescent Point. 

Shell spins off Canadian shale Shell spins off Canadian shale Shell spins off Canadian shale Shell spins off Canadian shale Shell spins off Canadian shale
This will add 30,000 barrels of oil equivalent a day to the latter's production. It is a low risk move for the Canadian company given existing infrastructure nearby.

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