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Canadian Natural Resources Ltd (CNQ.N)

CNQ.N on New York Stock Exchange

32.02USD
24 Mar 2017
Change (% chg)

$0.10 (+0.31%)
Prev Close
$31.92
Open
$32.12
Day's High
$32.22
Day's Low
$31.78
Volume
802,341
Avg. Vol
776,346
52-wk High
$35.27
52-wk Low
$25.08

Latest Key Developments (Source: Significant Developments)

Canadian Natural says may be 'indifferent' to potential U.S. border tax
Thursday, 2 Mar 2017 11:59am EST 

Canadian Natural Resources Ltd says : May be "indifferent" to potential U.S. border tax .Potential tax may hurt Canadian dollar, thus lowering costs.  Full Article

Canadian Natural Resources qtrly FFO per share $1.50
Thursday, 2 Mar 2017 05:05am EST 

Canadian Natural Resources Ltd : Canadian natural resources limited announces 2016 fourth quarter and year end results . Canadian natural resources ltd sees 6% production growth with a $3.9 billion capital program for 2017 . Qtrly FFO per share $ 1.50 . Qtrly corporate production volumes averaged 859,577 boe/d . Canadian natural sees 2017 production to average 550,000-590,000 bbl/d crude oil and ngls and 1,700 - 1,760 mmcf/d of natural gas, before royalties . Board approved its intention to buy back up to 27.8 million of its common shares . Co's 2017 horizon annual production guidance remains unchanged, is targeted to range from 170,000 bbl/d to 184,000 bbl/d of sco . Canadian natural resources sees q1 production before royalties to average 591,000 -615,000 bbl/d crude oil and ngls and 1,700 - 1,740 mmcf/d natural gas . Q1 production guidance before royalties is forecast to average between 591,000 and 615,000 bbl/d of crude oil . 2017 total natural gas annual production guidance remains unchanged and is targeted to range from 1,700 mmcf/d to 1,760 mmcf/d . Reduced supply resulted in natural gas storage inventories returning to historically normal levels by end of 2016 . Canadian natural resources ltd - board of directors approved a 10% increase to quarterly dividend from $0.25 per share to $0.275 per share.  Full Article

Canadian Natural Resources Q4 avg production of about 178,000 bbl/d
Thursday, 2 Feb 2017 05:00am EST 

Canadian Natural Resources Ltd - : December 2016 production averaging approximately 184,000 bbl/d of synthetic crude oil for horizon oil sands . Average production in q4 of 2016 reached about 178,000 bbl/d of SCO, at high end of previously issued guidance . Horizon continues to perform above expected design rates, with January 2017 production averaging approximately 195,000 bbl/d of SCO . Lowering its 2017 SCO operating cost guidance by $2.00/bbl to $24.00/bbl to $27.00/bbl, including planned downtime for maintenance .Horizon phase 3 expansion, targeted to add 80,000 bbl/d of SCO production is on schedule, on budget for commissioning in q4 2017.  Full Article

Canadian Natural Resources Q3 loss per share $0.29
Thursday, 3 Nov 2016 05:00am EDT 

Canadian Natural Resources Ltd : Forecasts annual 2016 production levels to average between 514,000 and 563,000 bbl/d of crude oil and NGLS . Canadian natural resources limited announces 2016 third quarter results . Q3 loss per share $0.29 . Q2 adjusted loss per share $0.32 . Total natural gas quarterly production volumes averaged 1,645 mmcf/d . Forecasts annual 2016 production levels to average between 1,705 and 1,735 mmcf/d of natural gas, before royalties . Q4/16 production guidance before royalties is forecast to average between 575,000 and 599,000 bbl/d of crude oil and ngls . Q4/16 production guidance before royalties is forecast to average between 1,690 and 1,720 mmcf/d of natural gas. .Canadian Natural's annual 2016 capital expenditures are targeted to be approximately $4.4 billion.  Full Article

Canadian Natural Resources prices C$1 bln in 5.5 year notes
Tuesday, 9 Aug 2016 06:00pm EDT 

Canadian Natural Resources Ltd : Canadian natural resources limited prices C$1.0 billion in 5.5 year notes .Priced C$1.0 billion principal amount of 3.31% medium-term notes due feb 11, 2022 at a price of c$99.985 per c$100 principal amount.  Full Article

Canadian Natural Resources Q2 loss per share $0.31
Thursday, 4 Aug 2016 05:20am EDT 

Canadian Natural Resources Ltd : Canadian natural resources limited announces 2016 second quarter results . Qtrly loss per share $0.31; qtrly adjusted loss per share $0.19 . Says forecasts annual 2016 production levels to average between 514,000 and 563,000 bbl/d of crude oil . Sees annual 2016 production levels to average between 1,705 and 1,735 mmcf/d of natural gas, before royalties . q3/16 production guidance before royalties is forecast to average between 458,000 and 484,000 bbl/d of crude oil and ngls . Sees q3 natural gas production between 1,645 mmcf/d and 1,685 mmcf/d . Qtrly daily natural gas production before royalties 1,689 mmcf/d versus 1,779 mmcf/d . Says corporate production volumes averaged 783,988 boe/d in q2/16, representing a 3% decrease . Qtrly daily crude oil and ngls production before royalties 502,410 bbl/d versus 509,047 bbl/d .Reallocated $50 million of development capital across basin while remaining within annual corporate capital guidance.  Full Article

Canadian Natural says returned to normal operations at Pelican Lake facility following wildfire threat
Thursday, 9 Jun 2016 11:17am EDT 

Canadian Natural Resources Ltd :Says "has returned to normal operations" at its pelican lake facility following wildfire threat, including the restart of 800 bpd of temporarily shut-in production.  Full Article

Canadian Natural says Horizon oil sands operations remain stable
Wednesday, 18 May 2016 01:09pm EDT 

Canadian Natural Resources Ltd :Says wildfire a safe distance from Horizon oil sands project, current operations remain stable.  Full Article

Canadian Natural Resources Ltd - Alberta regulator sets steam restriction at CNRL oil sands project - Reuters News
Monday, 21 Mar 2016 04:27pm EDT 

Canadian Natural Resources Ltd:The Alberta Energy Regulator said on Monday it is implementing additional requirements at Canadian Natural Resources Ltd's Primrose oil sands project after concluding excessive steaming caused a 6,648-barrel bitumen emulsion leak in 2013 - RTRS.The requirements include permanent limits on the steam volumes the company is allowed to use to extract bitumen from underground reservoirs and a requirement that CNRL seek approval for each steaming cycle at its Primrose East site."The restrictions do amount to a permanent ongoing reduction in the intensity of the company's operations.The company will not be able to pursue its original operating strategy at Primrose," said Kirk Bailey, executive vice president of operations at the AER. CNRL has been operating under steam restrictions at Primrose since the seepage was discovered.Bitumen emulsion - a mixture of bitumen, sand and water - was discovered oozing to the surface at two locations at CNRL's Primrose project in northern Alberta in May 2013.Two more leaks were discovered over the next month, prompting the AER to impose restrictions on the site and launch an investigation.The investigation, described by Bailey as one of the most complicated ever undertaken by the AER, concluded the seepages were caused by excessive steam volumes along open conduits such as wellbores, natural fractures and faults and hydraulically-induced fractures.  Full Article

Canadian Natural Resources Limited announces quarterly dividend
Thursday, 5 Nov 2015 05:05am EST 

Canadian Natural Resources Limited:Declared a quarterly cash dividend on its common shares of C$0.23 per common share.Dividend will be payable December 31 to shareholders of record date as on December 11.  Full Article

More From Around the Web

Canada oil sands capital exodus imperils future development

CALGARY, Alberta, March 9 The exodus of international players from Canada's costly oil sands is raising fresh doubt over future development prospects for the world's third-largest crude reserves as the region struggles to compete with cheap U.S. shale plays.