Canadian Natural sees resolution soon of problems hitting shares
CALGARY, Alberta Nov 8 (Reuters) - Canadian Natural Resources Ltd's shares are under pressure due to a series of issues, including weak heavy oil pricing and operational problems at its oil sands plant, and both should soon be resolved, vice-chairman John Langille said on Thursday.
Langille told analysts on a conference call that the company has no plans to split itself up as one way to boost the stock, as it believes having a diversified set of assets is best in the long term.
Shares in Canada's largest independent oil producer were down about 4 percent on Thursday after weaker-than-expected financial results, adding to a 6 percent slip in the previous six months. (Reporting by Jeffrey Jones; Editing by Gerald E. McCormick)
- Missing jet may have strayed toward Andaman Sea: Malaysian air force |
- NYC buildings explosion kills two, more missing
- EU moves towards travel bans, asset freezes for Russians |
- Malaysia military source says missing jet veered to west |
- Exclusive: EU approves framework for asset freezes, travel bans on Russia