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Canadian Natural Resources (CNQ +3.8%) is upgraded to Buy from Hold at Stifel Nicolaus, which...

Canadian Natural Resources (CNQ +3.8%) is upgraded to Buy from Hold at Stifel Nicolaus, which says the improvement in heavy oil differentials and strong Horizon production volumes YTD are not reflected in the stock and should allow for a strong Q1. A decision on Keystone XL also could move shares in the near-term, but its impact is on the volume outlook for 2015 and beyond.
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