Edition:
United Kingdom

Canadian Natural Resources Ltd (CNQ.TO)

CNQ.TO on Toronto Stock Exchange

35.30CAD
13 Dec 2018
Change (% chg)

$-0.26 (-0.73%)
Prev Close
$35.56
Open
$35.62
Day's High
$35.85
Day's Low
$35.14
Volume
3,030,849
Avg. Vol
3,632,413
52-wk High
$49.08
52-wk Low
$32.08

Latest Key Developments (Source: Significant Developments)

Canadian Natural Resources Limited Announces 2019 Budget
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Canadian Natural Resources Ltd ::CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES 2019 BUDGET.CANADIAN NATURAL RESOURCES - COMPANY IS TARGETING A 2019 BASE CAPITAL PROGRAM OF $3.7 BILLION, ABOUT $1.0 BILLION LESS THAN ITS NORMALIZED CAPITAL PROGRAM.CANADIAN NATURAL RESOURCES - PRODUCTION IN 2019 IS TARGETED TO BE BETWEEN 1,030,000 BOE/D AND 1,119,000 BOE/D.CANADIAN NATURAL RESOURCES - 2019 CRUDE OIL AND NGL PRODUCTION IS TARGETED TO BE IN LINE WITH 2018 LEVELS, RANGING FROM 782,000 BBL/D TO 861,000 BBL/D.CANADIAN NATURAL RESOURCES- 2019 DRILLING PROGRAM IN BASE BUDGET IS TARGETING 97 NET PRODUCER WELLS, DECREASE OF 419 WELLS FROM 2018 TARGETED LEVELS.CANADIAN NATURAL RESOURCES - LIGHT CRUDE OIL, NGLS, SYNTHETIC CRUDE OIL PRODUCTION IN 2019 TARGETED TO BE ABOUT 53% OF TOTAL CORPORATE BOE PRODUCTION.CANADIAN NATURAL RESOURCES- IF PRICING DIFFERENTIALS & MARKET ACCESS IMPROVE IN 2019, CO CAN INVEST ADDITIONAL CAPITAL UP TO ABOUT $700 MILLION IN 2019.CANADIAN NATURAL - IN FORESEEABLE FUTURE, SEES LONG-TERM PRODUCTION/ SHARE GROWTH OF 7% - 8%, NORMALIZED CAPITAL PROGRAM IN $4.7 BILLION - $5.0 BILLION RANGE.IN 2019 COMPANY TARGETS MAINTENANCE CAPITAL AT APPROXIMATELY $3.1 BILLION.  Full Article

Canadian Natural Resources Says Production Volumes In Q3 2018 Averaged 1,060,629 BOE/D, Up 2 pct from Q3 2017
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Canadian Natural Resources Ltd ::CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES 2018 THIRD QUARTER RESULTS.QTRLY EARNINGS PER SHARE $1.47.COMPANY FORECASTS ANNUAL 2018 PRODUCTION LEVELS TO AVERAGE BETWEEN 802,000 AND 868,000 BBL/D OF CRUDE OIL AND NGLS.COMPANY FORECASTS ANNUAL 2018 PRODUCTION LEVELS TO AVERAGE BETWEEN 1,550 AND 1,600 MMCF/D OF NATURAL GAS.SAYS PRODUCTION VOLUMES IN Q3 18 AVERAGED 1,060,629 BOE/D, COMPARABLE TO Q2 18 AND AN INCREASE OF 2% FROM Q3/17 LEVELS.CANADIAN NATURAL RESOURCES - Q4/18 PRODUCTION GUIDANCE BEFORE ROYALTIES IS FORECAST TO AVERAGE BETWEEN 801,000 AND 849,000 BBL/D OF CRUDE OIL & NGLS.Q4/18 PRODUCTION GUIDANCE BEFORE ROYALTIES IS FORECAST TO AVERAGE BETWEEN 1,480 AND 1,510 MMCF/D OF NATURAL GAS.CANADIAN NATURAL'S ANNUAL 2018 CAPITAL EXPENDITURES ARE TARGETED TO BE APPROXIMATELY $4.6 BILLION.CO FORECASTS ANNUAL 2018 PRODUCTION LEVELS FOR CRUDE OIL, NGLS AND NATURAL GAS ARE BEFORE ROYALTIES.CANADIAN NATURAL - MARK STAINTHORPE, VP-CAPITAL MARKETS, WILL ASSUME ROLE OF CFO AND SENIOR VP, FINANCE AND WILL JOIN MANAGEMENT COMMITTEE.  Full Article

Total Sells Its Interest In Joslyn Oil Sands Project To CNRL
Friday, 31 Aug 2018 

Aug 31 (Reuters) - TOTAL SA ::CANADA: TOTAL SELLS ITS INTEREST IN THE JOSLYN OIL SANDS PROJECT TO CNRL.AGREED TO SELL FOR AN OVERALL CONSIDERATION OF 225 MILLION CANADIAN DOLLARS.  Full Article

Canadian Natural Resources Limited Announces Normal Course Issuer Bid
Wednesday, 16 May 2018 

Canadian Natural Resources Ltd ::CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES NORMAL COURSE ISSUER BID.CANADIAN NATURAL RESOURCES- TORONTO STOCK EXCHANGE ACCEPTED NOTICE FILED BY CANADIAN NATURAL OF INTENTION TO MAKE A NORMAL COURSE ISSUER BID.CANADIAN NATURAL - NOTICE PROVIDES THAT FOR 12 MONTH PERIOD STARTING MAY 23, ENDING MAY 22 2019 CO MAY BUY FOR CANCELLATION UP TO 61.4 MILLION SHARES.  Full Article

Shell sells its interest in Canadian Natural Resources Ltd
Tuesday, 8 May 2018 

May 7 (Reuters) - Shell ::SHELL SELLS ITS INTEREST IN CANADIAN NATURAL RESOURCES LIMITED.ROYAL DUTCH SHELL PLC ("SHELL") ANNOUNCES AN AGREEMENT TO SELL ITS ENTIRE STAKE IN CANADIAN NATURAL RESOURCES LIMITED.SUBSIDIARY, SHELL GAS B.V ENTERED INTO UNDERWRITING AGREEMENT WITH GOLDMAN SACHS , RBC CAPITAL MARKETS, SCOTIABANK AND TD SECURITIES.UNDERWRITING AGREEMENT FOR SALE OF 97,560,975 SHARES IN CANADIAN NATURAL.PROCEEDS FROM SALE WILL CONTRIBUTE TO REDUCING NET DEBT; SALE IS EXPECTED TO COMPLETE ON MAY 9, 2018.SALE OF SHARES IN CANADIAN NATURAL REPRESENTING ENTIRE INTEREST IN CANADIAN NATURAL RESULTING IN TOTAL PRE-TAX PROCEEDS OF ABOUT $3.3 BILLION.SALE OF 97.6 MILLION SHARES IN CANADIAN NATURAL REPRESENTS ITS ENTIRE INTEREST IN CANADIAN NATURAL RESULTING IN TOTAL PRE-TAX PROCEEDS OF ABOUT $3.3 BILLION.  Full Article

Royal Dutch Shell selling 97.5 mln shares of Canadian Natural in bought deal worth about $3.3 bln- Globe and Mail
Tuesday, 8 May 2018 

May 7 (Reuters) - Canadian Natural Resources Ltd ::ROYAL DUTCH SHELL PLC IS SELLING 97.5 MILLION SHARES OF CANADIAN NATURAL RESOURCES LTD IN BOUGHT DEAL WORTH ABOUT $3.3 BILLION- GLOBE AND MAIL.  Full Article

Canadian Natural Resources Limited Announces Qtrly Earnings Per Share $0.32
Thursday, 1 Mar 2018 

March 1 (Reuters) - Canadian Natural Resources Ltd ::CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES 2017 FOURTH QUARTER AND YEAR END RESULTS.QTRLY EARNINGS PER SHARE $0.32.QTRLY ADJUSTED EARNINGS PER SHARE $0.46.Q4 EARNINGS PER SHARE VIEW C$0.36 -- THOMSON REUTERS I/B/E/S.QTRLY EQUIVALENT PRODUCTION 1.02 MILLION BOE/D VERSUS 962,264 BOE/D.CANADIAN NATURAL RESOURCES - 2018 NORTH AMERICA E&P CRUDE OIL AND NGL ANNUAL PRODUCTION GUIDANCE REMAINS UNCHANGED.2018 THERMAL IN SITU ANNUAL PRODUCTION GUIDANCE REMAINS UNCHANGED.2018 TOTAL NATURAL GAS ANNUAL PRODUCTION GUIDANCE REMAINS UNCHANGED.2018 INTERNATIONAL ANNUAL PRODUCTION GUIDANCE REMAINS UNCHANGED.CANADIAN NATURAL RESOURCES SEES 2018 PRODUCTION LEVELS TO AVERAGE BETWEEN 815,000 AND 885,000 BBL/D OF CRUDE OIL AND NGLS.CANADIAN NATURAL RESOURCES SEES 2018 PRODUCTION LEVELS TO AVERAGE BETWEEN 1,650 AND 1,710 MMCF/D OF NATURAL GAS, BEFORE ROYALTIES.ANNUAL 2018 CAPITAL EXPENDITURES ARE TARGETED TO BE APPROXIMATELY $4.3 BILLION.SEES Q1/18 PRODUCTION BEFORE ROYALTIES TO AVERAGE BETWEEN 821,000 AND 869,000 BBL/D OF CRUDE OIL AND NGLS.SEES Q1/18 PRODUCTION BEFORE ROYALTIES TO AVERAGE BETWEEN 1,600 AND 1,650 MMCF/D OF NATURAL GAS.CANADIAN NATURAL RESOURCES - AS OF APRIL 1 DIVIDEND PAYMENT, BOARD INCREASED QUARTERLY DIVIDEND BY 22% TO $0.335/SHARE.  Full Article

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

UPDATE 3-Canadian Natural cuts capital budget 20 pct, shares jump

VANCOUVER, Dec 5 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.