Seeking Alpha

Shares of Canadian Natural Resources (CNQ -3.5%) open weaker after the country’s biggest...

Shares of Canadian Natural Resources (CNQ -3.5%) open weaker after the country’s biggest independent oil and gas producer reported a 57% drop in quarterly profit on weak prices, and cut its full-year forecast for crude oil and natural gas liquids output to 452K-460K bbl/day vs. prior 454K-474K. Average realized natural gas prices, before hedging, fell 39% Y/Y.
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