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Enter Symbol
or Name
USA
CA



Royal Bank of Canada
Symbol RY
Shares Issued 1,443,212,549
Close 2015-10-06 C$ 73.22
Market Cap C$ 105,672,022,838
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Globe says RBC shopping Black Swan assets

2015-10-07 08:14 ET - In the News

The Globe and Mail reports in its Wednesday edition Black Swan Energy has hired Royal Bank of Canada to find potential buyers for some of its assets in British Columbia and Alberta. The Globe's Carrie Tait writes the oil and gas company wants to sell four chunks of property -- Jedney and Laprise holdings in B.C.'s Montney, and land in the Willesden Green and Pembina plays in Alberta's Duvernay. RBC said in a dog-and-pony show Tuesday the assets on the block are "non-core" to Black Swan. Black Swan in an August presentation said it held roughly 228,000 net acres of adjoining land rights in the Montney region. Its Laprise package holds 19,580 acres, while its Jedney offering covers 46,640 acres. In the Duvernay, Black Swan controls 82,700 net acres, according to its August update. It has about 30,400 net acres in the Willesden Green stretch, and now wants to unload 28,080 of those acres. Black Swan also wants to sell 14,400 acres of its 52,300 acres in the Pembina play. Paramount Resources operates the Willesden Green block. Backing Black Swan are private equity players Canada Pension Plan Investment Board, Kern and Warburg Pincus LLC.

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