Canadian Natural Resources (CNQ -1%) announces a 2013 capital budget estimated at C$6.9B,...

|About: Canadian Natural Resources,... (CNQ)|By:, SA News Editor

Canadian Natural Resources (CNQ -1%) announces a 2013 capital budget estimated at C$6.9B, delivering both near-term crude oil and natural gas liquids production growth of ~9%. Cash flow is targeted at $7.6B, providing ~$700M of free cash flow to allocate to dividends, share repurchases, opportunistic acquisitions or debt repayment.