CRC.F - Canadian Natural Resources Limited

Frankfurt - Frankfurt Delayed Price. Currency in EUR
21.16
+0.15 (+0.69%)
At close: 8:00AM CEST
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Previous Close21.01
Open21.16
Bid20.40 x 50000
Ask20.52 x 50000
Day's Range21.16 - 21.16
52 Week Range20.60 - 30.38
Volume113
Avg. Volume24
Market Cap25.382B
Beta (3Y Monthly)1.07
PE Ratio (TTM)9.17
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.02 (4.86%)
Ex-Dividend Date2019-09-12
1y Target EstN/A
  • Canadian Natural Resources Limited (CNQ) Q2 2019 Earnings Call Transcript
    Motley Fool

    Canadian Natural Resources Limited (CNQ) Q2 2019 Earnings Call Transcript

    CNQ earnings call for the period ending June 30, 2019.

  • Reuters

    UPDATE 3-Canadian Natural Resources eyes Alberta rail contracts amid pipeline congestion

    Canadian Natural Resources, the country's biggest oil and gas producer, is looking at taking on the Alberta provincial government's contracts to move crude by rail, a senior company executive said on Thursday. Shipping more crude by rail is seen as critical for Canadian oil producers due to congested pipelines that forced Alberta to order mandatory oil curtailments this year. Alberta's United Conservative Party government said in June that it would divest rail contracts amounting to 120,000 barrels of crude per day (bpd) to the private sector this fall.

  • Canadian Natural Resources eyes Alberta rail contracts amid pipeline congestion
    Reuters

    Canadian Natural Resources eyes Alberta rail contracts amid pipeline congestion

    Shipping more crude by rail is seen as critical for Canadian oil producers due to congested pipelines that forced Alberta to order mandatory oil curtailments this year. Alberta's United Conservative Party government said in June that it would divest rail contracts amounting to 120,000 barrels of crude per day (bpd) to the private sector this fall. "To go forward with it, obviously it has to make sense, but we're in the process and we're looking at it," Canadian Natural President Tim McKay said on a quarterly conference call.

  • Rigzone.com

    CNR Closer to King of Oil Sands

    Canadian Natural Resources can't yet claim the King of the Oil Sands status, but it's a lot closer to overtaking its rival Suncor Energy after buying a key Athabasca drilling site.

  • This Oil Stock Takes a Huge Step Toward Becoming a U.S. Oil Growth Machine
    Motley Fool

    This Oil Stock Takes a Huge Step Toward Becoming a U.S. Oil Growth Machine

    Devon Energy exits Canada in a $2.8 billion deal.

  • Associated Press

    Devon Energy announces deal with Canadian Natural Resources

    Devon Energy says it is selling nearly all of its assets in Canada to Canadian Natural Resources for $2.8 billion. The Oklahoma City-based oil and gas company included in the S&P 500 put its Canadian assets up for sale in February in a plan to focus on growth from wells drilled in U.S. shale fields. Officials with Calgary-based Canadian Natural Resources say Devon's "high-quality" assets will provide further balance to their production profile.

  • Reuters

    Devon Energy exits Canada with $2.8 bln sale to Canadian Natural, bets on U.S.

    U.S. oil and gas producer Devon Energy Corp said on Wednesday it would sell its Canadian assets to Canadian Natural Resources Ltd for C$3.8 billion ($2.81 billion) in cash to focus purely on U.S. production. While U.S. oil companies have been investing in onshore shale production at home amid a surge in output, international companies like Royal Dutch Shell and ConocoPhillips have shed assets in Canada for several years as limited pipeline space has curtailed prices and growth prospects. Devon's investments have been in the so-called SCOOP and STACK regions, fast-growing shale oil basins in Oklahoma that have attracted investment from crude producers expanding beyond the Permian.

  • TheStreet.com

    Devon Energy Reaches Deal to Sell Its Canada Business for $2.8 Billion

    The heavy-oil assets in the province of Alberta include thermal in situ (or steam assisted gravity drainage) oilsands production (about 108,200 a day) and its conventional primary heavy crude oil operations (20,100 a day) located near Canadian Natural assets. At the end of last year, proved reserves associated with the properties amounted to about 409 million barrels of oil, Devon said Wednesday in a statement. "These high-quality assets complement our existing asset base and provide further balance to our production profile," Canadian Natural Resources President Tim McKay said in a separate statement.

  • Benzinga

    Devon Energy Divests Canadian Business To Canadian Natural Resources For $2.8B

    Devon Energy's Canadian business includes heavy oil assets mostly located in Alberta with net production averaging 113,000 oil-equivalent barrels in the first quarter of 2019. As of the end of 2018, the Canadian business had a proven reserve of 409 million barrels of oil. Devon Energy CEO Dave Hager said the asset sale is consistent with the company's transformation to become a U.S.-focused oil growth business.

  • Reuters

    Canadian Natural Resources to buy Devon Energy's assets in Canada for $2.8 bln

    Oil and gas producer Canadian Natural Resources Ltd said on Wednesday it would buy the Canadian assets of its U.S. peer Devon Energy Corp for about C$3.8 billion . The deal is expected to close by June ...

  • Canadian Natural Resources Limited (CNQ) Q1 2019 Earnings Call Transcript
    Motley Fool

    Canadian Natural Resources Limited (CNQ) Q1 2019 Earnings Call Transcript

    CNQ earnings call for the period ending March 31, 2019.

  • Reuters

    Canadian Natural worried about changes to Enbridge pipeline system

    Canadian Natural Resources Ltd said on Thursday it is against proposed changes to shipping agreements on Enbridge Inc's Mainline pipeline system because it does not want to be "held hostage" to one delivery point for its crude. The Enbridge Mainline system delivers 2.85 million barrels of crude per day from western Canada to the U.S. Midwest, an area known as Padd 2, where it connects to other pipelines stretching across North America. Enbridge is proposing to shift away from a monthly allocation system to long-term, set-volume contracts.

  • Reuters

    Canadian Natural Resources profit surges 65 percent

    Oil and gas producer Canadian Natural Resources Ltd reported a 65 percent rise in quarterly profit on Thursday, boosted by higher prices for Canada's heavy crude on the back of Alberta's output cuts. Net ...

  • Associated Press

    Canadian Natural Resources: 1Q Earnings Snapshot

    On a per-share basis, the Calgary, Alberta-based company said it had net income of 60 cents. Earnings, adjusted for non-recurring gains, came to 53 cents per share. The results surpassed Wall Street expectations. ...

  • Reuters

    Canadian Natural cuts Albian mines' output forecast for May, June

    Canadian Natural Resources Ltd on Wednesday cut its May and June production due to ongoing maintenance at one of its oil sands upgrader at the Albian mines in Alberta that was damaged in a fire incident. The average gross production at the Albian oil sands mine, which supplies the upgrader with bitumen, for May and April has now been revised at about 245,000 barrels per day (bbl/d) from the company's previous target of about 255,000 bbl/d. The company continues to optimize other assets in Alberta to mitigate the impact of production curtailment, it said in a statement.

  • Reuters

    Canadian Natural posts surprise loss, says crude prices improving

    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.

  • Reuters

    Canadian Natural Resources posts fourth-quarter net loss

    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 ...

  • Reuters

    Canadian Natural cuts capital budget 20 pct, shares jump

    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.