March 3, 2016 / 5:18 PM / 2 years ago

Canadian Natural Resources not expecting ramp up in M&A activity

CALGARY, March 3 (Reuters) - Canadian Natural Resources played down the prospects of a ramp up in takeover activity in the sector this year, saying the gap between buyers and sellers’ expectations remains an impediment.

“I think there’s still too big a gap between sellers’ expectations and what the buyer wants to pay. We look at every asset that comes through our core areas. I don’t see us being that active although we do always look,” the company’s President Steve Laut told analysts on a conference call on Thursday.

Reporting by Matt Scuffham

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