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Roger Jenkins
Energy / Investments / Public Companies

Murphy Oil Subsidiary Sells Alberta Sands to Suncor Energy for $744M

Murphy Oil Corp. of El Dorado announced Wednesday evening that its Canadian subsidiary has agreed to sell oil sands properties in Alberta to Suncor Energy for about $744 million. CEO Roger Jenkins said the deal will "further place our focus in North America on our unconventional assets" and help the company's balance sheet. read more >