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Canadian Natural Resources Ltd (CNQ.TO)

CNQ.TO on Toronto Stock Exchange

42.56CAD
15 Dec 2017
Change (% chg)

$-0.41 (-0.95%)
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Latest Key Developments (Source: Significant Developments)

Steve Laut To Become Executive Vice Chairman of Canadian Natural Resources
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Canadian Natural Resources Ltd ::STEVE LAUT WILL ASSUME ROLE OF EXECUTIVE VICE CHAIRMAN.TIM MCKAY, CURRENTLY COO, WILL BE PROMOTED TO PRESIDENT.ON JAN. 1, 2018 CO TO CREATE TWO COO POSITIONS.DARREN FICHTER, CURRENTLY EVP OF CANADIAN CONVENTIONAL TO BE PROMOTED TO COO, E&P.SCOTT STAUTH, CURRENTLY EVP, FIELD OPERATIONS TO BE PROMOTED TO COO, OIL SANDS.  Full Article

Africa Energy to acquire additional interest in South Africa
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Africa Energy Corp :Africa Energy to acquire additional interest in south africa.Africa Energy Corp - ‍signs definitive agreements to acquire an effective 4.9% interest in exploration right for block 11b/12b offshore South Africa​.Africa Energy Corp - ‍Africa Energy paid a deposit of US$0.49 million at signature and will pay an additional US$6.86 million at closing​.Africa Energy Corp - ‍co has agreed to fund a portion of Total's and CNRI's costs for the proposed exploration well to a maximum of US$7.55 million​.  Full Article

Canadian Natural Resources targets overall production between 1.09 mln and 1.17 mln boe/d ‍in 2018​
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Canadian Natural Resources Ltd :‍In 2018, targets overall production between 1,090,000 and 1,170,000 boe/d​.‍Company's 2018 funds flow from operations is targeted to be approximately $7.9 billion to $8.3 billion​.2018 capital budget is targeted at about $4.3 billion, $0.5 billion less than 2017.‍Overall crude oil and ngl production targeted to be ranging from 815,000 bbl/d to 885,000 bbl/d in 2018​.‍Company is targeting a capital program of $1.56 billion for north american e&p in 2018​.  Full Article

Canadian Natural Resources Qtrly FFO per share $1.37
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Canadian Natural Resources Ltd :Canadian natural resources limited announces 2017 third quarter results.Qtrly FFO per share $1.37.Production volumes averaged 1,036,499 boe/d in q3/17, representing 14% and 41% increases from q2/17 and q3/16 levels.Annual 2017 production guidance at horizon remains unchanged at 170,000 - 184,000 bbl/d.Forecasts annual 2017 production levels to average between 663,000 and 717,000 bbl/d of crude oil and ngls.Forecasts annual 2017 production levels to average between 1,655 and 1,705 mmcf/d of natural gas, before royalties.Q4/17 production guidance before royalties is forecast to average between 736,000 and 772,000 bbl/d of crude oil and ngls.Q4/17 production guidance before royalties is between 1,700 and 1,750 mmcf/d of natural gas.Canadian natural's annual 2017 capital expenditures are targeted to be approximately $4.9 billion.Declared a quarterly cash dividend on common shares of c$0.275 per share payable on january 1, 2018.  Full Article

Nova Q4 GAAP earnings per share $0.30
Tuesday, 14 Feb 2017 

Nova Measuring Instruments Ltd : Nova reports record fourth quarter and full year 2016 results . Q4 non-gaap earnings per share $0.42 . Q4 gaap earnings per share $0.30 . Q4 revenue $50.2 million . Sees q1 2017 revenue $50 million to $54 million . Sees q1 2017 gaap earnings per share $0.31 to $0.39 . Sees q1 2017 non-gaap earnings per share $0.37 to $0.45 .Gross margin for q4 of 2016 was 56%, compared sequentially with gross margin of 22% in q3 of 2016.  Full Article

Inter Pipeline says to buy remaining interest in Cold Lake pipeline system
Monday, 12 Dec 2016 

Inter Pipeline Ltd : Deal for $527.5 million . As a result of deal, inter pipeline will own 100% of cold lake pipeline system . Inter pipeline-long-term take-or-pay agreement to trigger construction of new $125 million pipeline connection to kirby north production facility . Inter pipeline - deal is immediately accretive to inter pipeline's ffo per share and fully consolidates ownership of cold lake pipeline system . Inter pipeline - also, co to enter long-term take-or-pay deal with canadian natural to transport diluent, bitumen blend for kirby north sagd oil sands project .Inter pipeline to acquire remaining interest in the cold lake pipeline system and announces new oil sands transportation agreement.  Full Article

Canadian Natural Resources announces sale of stake in the Cold Lake Pipeline
Monday, 12 Dec 2016 

Canadian Natural Resources Ltd : Canadian natural resources ltd - upon closing of transaction company will receive gross proceeds of $350 million in cash . Canadian natural resources - expects to record an after-tax gain on disposition of approximately $200 million, based upon preliminary value allocations . Canadian natural resources - transaction consists of monetization of co's entire 15% interest of cold lake pipeline, 14.7% interest in cold lake limited partnership . Canadian natural resources-upon closing of deal co will receive 6.4 million common shares of inter pipeline at an ascribed value of $177.5 million . Canadian natural resources - after completion of sale, co will retain access to cold lake pipeline system for portions of company's crude oil volumes .Canadian natural resources limited announces the sale of its ownership interest in the cold lake pipeline.  Full Article

Canadian Natural Resources prices C$1 bln in 5.5 year notes
Tuesday, 9 Aug 2016 

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 

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 

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

UPDATE 1-Ivory Coast awards Tullow two new offshore oil blocks

ABIDJAN, Dec 14 Ivory Coast has awarded Tullow Oil two new onshore oil blocks, a government spokesman said on Thursday, expanding the company's footprint in the Gulf of Guinea.