27.36 -0.04 (-0.15%)
After hours: 4:26PM EST
|Bid||26.95 x 1000|
|Ask||30.03 x 4000|
|Day's Range||27.00 - 27.68|
|52 Week Range||21.85 - 38.20|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||11.87|
|Forward Dividend & Yield||0.98 (3.63%)|
|1y Target Est||40.74|
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.
NEW YORK, Nov. 06, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
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 ...
CALGARY, Alberta, Nov. 01, 2018 -- Canadian Natural Resources Limited announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.335.
Commenting on third quarter 2018 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, "The strength of our well balanced and diverse portfolio, combined with Canadian Natural's ability to effectively and efficiently execute, delivered a strong third quarter for the Company. Lastly, the Company executed on minor tuck-in acquisitions, 3% of adjusted funds flow, that add optionality and significant future value. Based on the significant progress made to date in strengthening the Company's balance sheet as well as the sustainability of Canadian Natural's free cash flow, the Board of Directors has approved a more defined free cash flow allocation policy in accordance with the Company's four stated pillars.