Canadian oil and gas producer Pengrowth (PGH) buys NAL Energy in a stock swap deal valued at...

|About: Pengrowth Energy Corporation (PGH)|By:, SA News Editor

Canadian oil and gas producer Pengrowth (PGH) buys NAL Energy in a stock swap deal valued at C$1.9B ($1.895B) that it says will give it exposure to light oil plays across Alberta and Saskatchewan. NAL shareholders will own 26% of the combined company after the transaction closes.