|Bid||25.06 x 3100|
|Ask||35.50 x 3200|
|Day's Range||27.42 - 28.16|
|52 Week Range||21.85 - 38.20|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||11.94|
|Forward Dividend & Yield||1.04 (3.64%)|
|1y Target Est||40.74|
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, ConocoPhillips, TOTAL and Canadian Natural Resources
Integrated majors ExxonMobil (XOM) and Chevron (CVX) earmarked their growth actions in respective annual analyst meetings.
Canadian Natural's (CNQ) fourth-quarter 2018 results are impacted by crude price differentials, which widens 45% on a year-over-year basis.
CNRL, as the oil-sands producer is known, expects its North West Redwater refinery joint venture to start taking 80,000 barrels a day of heavy crude off of pipelines this year, executives said on a call. The Western Canadian Sedimentary Basin also has natural decline rates, and without any drilling activity by producers, that could take as much as 300,000 barrels a day off the market, they said. With that in mind, Alberta still should be able to reduce its mandated production curtailments in the coming months and eliminate them entirely by the end of the year, CNRL President Tim McKay said in an interview.
Canadian Natural Resources Ltd reported a surprise quarterly loss on Thursday because of lower crude prices, but said Canadian crude differentials have narrowed since Alberta imposed output curbs last year. Alberta oil producers have endured record discounts on benchmark Canadian heavy crude because of congestion on export pipelines that led to a glut of crude building up in storage tanks. The company, which backed the Alberta government's move last year, said on Thursday that the Western Canadian Select differential index - the difference between benchmark Canadian heavy crude and U.S. crude - had narrowed to $12.38 a barrel in the first quarter of 2019 from $39.36 per barrel in the reported quarter.
Canadian Natural Resources Ltd reported a quarterly loss compared to a year-ago profit, hurt by lower prices for its crude. Net loss was C$776 million, or 64 Canadian cents per share, in the fourth quarter ...
CALGARY, Alberta, March 07, 2019 -- Canadian Natural Resources Limited announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.375.
CALGARY, Alberta, March 07, 2019 -- Commenting on the Company's 2018 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, "In 2018 we demonstrated the.
Canadian Natural Resources Ltd NYSE:CNQView full report here! Summary * Perception of the company's creditworthiness is neutral but improving * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for CNQ with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CNQ. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold CNQ had net inflows of $385 million over the last one-month. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator with a strengthening bias over the past 1-month. CNQ credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
While we expect higher year-over-year output to aid Canadian Natural (CNQ) in the to-be-reported quarter, weak oil price realization may dent the company's margins.
CALGARY, Alberta, Feb. 07, 2019 -- Canadian Natural Resources Limited (“Canadian Natural" or the "Company") announces in connection with its 20% working interest in the South.
Canadian Natural Resources Limited (“Canadian Natural" or the "Company") announces in connection with its previously announced Normal Course Issuer Bid ("NCIB") to purchase up to 61,424,856 of its common shares (“Shares"), it entered into an Automatic Securities Purchase Plan ("ASPP") with a designated broker. The ASPP is intended to allow for the purchase of Shares under the NCIB when the Company would ordinarily not be permitted to purchase shares due to regulatory restrictions and customary self-imposed blackout periods.
The recent weakness in the commodity prices has made the energy companies to rethink their strategies and consider capex cuts once again.
Apart from the capex cut, Crescent Point (CPG) also slashes its dividend payout from 3 cents a month to just a penny every quarter, representing a massive decline of 89%.
Suncor's (SU) full-year 2019 production is expected to grow 10%, despite output curtailment from the government of Alberta.
A major chunk (almost 53% or C$900 million) of Pembina's (PBA) projected capital expenditure for 2019 is likely to be allocated toward its Pipelines Division.
Chevron (CVX) set its investment budget for 2019 at $20 billion, while Schlumberger (SLB) warned of weakness in the North American hydraulic fracturing market.
Canadian Natural Resources Ltd on Wednesday forecast a roughly 20 percent drop in capital spending in 2019 compared with 2018, blaming a lack of market access for its oil and the "dysfunctional" pipeline nomination process. The company's shares jumped 4 percent, trading at C$37.26 on the Toronto Stock Exchange as the broader energy sector rallied on higher oil prices. Canadian Natural set its 2019 capital budget at around C$3.7 billion ($2.8 billion), down about C$1 billion from 2018 spending, with maintenance capital targeted at about C$3.1 billion.