|Bid||27.96 x 2200|
|Ask||27.97 x 800|
|Day's Range||27.61 - 28.04|
|52 Week Range||21.85 - 38.20|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||12.15|
|Forward Dividend & Yield||0.98 (3.66%)|
|1y Target Est||40.74|
The North West Redwater Partnership’s Sturgeon refinery some 350 kilometers (215 miles) north of Calgary -- partly designed to process as much as 37,500 barrels a day of oil-sands bitumen that Alberta collects from producers as royalty payments -- is months late in honoring its part of the deal. The imbroglio highlights the kinds of unexpected pitfalls Alberta might be setting itself up for with a slew of moves to rescue its beleaguered oil industry.
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.
Commenting on the Company’s 2019 budget, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, “Canadian Natural’s large, diverse, balanced and flexible asset base provides a unique opportunity for the Company to allocate capital to the highest return projects to maximize shareholder value. Canadian Natural’s robust, long life low decline assets allow us to target for the foreseeable future, a long-term production per share growth rate of 7% to 8% with a normalized capital program in the $4.7 billion to $5.0 billion range. Canadian Natural's asset base is unique compared to a typical Exploration and Production company.
Canadian Natural Resources (CNQ) delivered earnings and revenue surprises of 18.06% and -4.16%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Calgary, Alberta-based company said it had profit of $1.13. Earnings, adjusted for non-recurring gains and stock option gains, were 85 cents per share. The results topped Wall ...
Canadian Natural Resources Ltd's quarterly profit more than doubled and beat analysts' estimates on Thursday, helped by higher production and average realized prices. The company is looking to produce ...
Oil and gas producer Canadian Natural Resources Ltd's quarterly profit more than doubled, helped by higher production and average realized prices. The Calgary-based company on Thursday said net income ...