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Canadian Natural Resources, Ltd. (CNQ)

- NYSE
  • Jul. 25, 2013, 2:08 PM
    Canadian Natural Resources (CNQ -0.4%) has been unable to stop a series of leaks from underground wells, raising questions about a steam-based extraction technology the industry has championed as less environmentally disruptive than the open-pit mining of oil sands. Critics say the inability prevent such leaks points to larger problems in tapping bitumen trapped deep in subterranean oil sands deposits.
    | 2 Comments
  • Jul. 23, 2013, 5:53 PM
    Barrick Gold (ABX) agrees to sell its energy unit in a series of transactions for ~$455M, with Canadian Natural Resources (CNQ) acquiring most of the unit for ~$173M and a gross overriding royalty on certain lands. ABX, which has been looking to sell non-core assets, will recognize a $500M loss in its Q2 in connection with the deals. ABX +0.5% AH.
    | 5 Comments
  • Jul. 23, 2013, 10:02 AM
    Canadian heavy oil producers Suncor (SU), Cenovus (CVE), Baytex (BTE), Imperial Oil (IMO) and Canadian Natural Resources (CNQ) have jumped 10%-15% in three months, and some analysts see further gains ahead on optimism that pipeline bottlenecks are easing - with or without the Keystone XL. The large-cap Canadian producers have an average enterprise value of 8x their 12-month trailing EBITDA vs. 12.9x in 2010.
    | 2 Comments
  • Jun. 3, 2013, 11:41 AM
    Canadian Natural Resources (CNQ -1.9%) is cut to Sell from Neutral with a $28 price target (from $33) at Goldman Sachs, which believes higher normalized earnings and asset value estimates will be masked by WCS pricing concerns during 2014-15. The firm still has a favorable long-term outlook for CNQ.
    | 1 Comment
  • May. 2, 2013, 7:44 PM
    Canadian Natural Resources (CNQ): Q1 EPS of C$0.37. Revenue of C$3.76B. (PR)
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  • May. 2, 2013, 12:10 AM
    Notable earnings after Thursday’s close: ACLS, ACTV, ADNC, AGNC, AIG, ALSK, AREX, ARNA, ATHN, BBG, BCOR, BERY, BRKR, CBI, CNQ, DNB, DOLE, DRIV, EGO, ELON, ELX, FBHS, FLR, FLT, GEOS, GHDX, GILD, GMED, GTY, HAIN, HI, HMA, HTGC, INVN, KOG, KRFT, LNKD, MKH, MTZ, MYL, NBIX, NFG, NILE, NSR, ONNN, OPEN, PKT, PWER, QLGC, SKUL, SPF, SPWR, SWN, TDC, THOR, TPX, TSYS, TTMI, WTW, WWWW, XL, ZAGG
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  • May. 1, 2013, 5:35 PM
    Notable earnings after Thursday’s close: ACLS, ACTV, ADNC, AGNC, AIG, ALSK, AREX, ARNA, ATHN, BBG, BCOR, BERY, BRKR, CBI, CNQ, DNB, DOLE, DRIV, EGO, ELON, ELX, FBHS, FLR, FLT, GEOS, GHDX, GILD, GMED, GTY, HAIN, HI, HMA, HTGC, INVN, KOG, KRFT, LNKD, MKH, MTZ, MYL, NBIX, NFG, NILE, NSR, ONNN, OPEN, PKT, PWER, QLGC, SKUL, SPF, SPWR, SWN, TDC, THOR, TPX, TSYS, TTMI, WTW, WWWW, XL, ZAGG
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  • Apr. 1, 2013, 11:59 AM
    Suncor's (SU +0.3%) decision last week to scrap its $11.5B Voyageur oil sands plant shows Canadian producers are betting they can boost shareholder returns by shipping crude directly to refineries instead of investing in costly processing. "There’s going to continue to be a ramp-up in light oil and therefore that hurts the economics of an upgrader,” a Canaccord analyst says.
    | 3 Comments
  • Mar. 27, 2013, 6:17 PM
    Canada's National Energy Board approves setting fixed tolls on TransCanada’s (TRP) Mainline pipeline network, a move the regulator says will help keep the cross-country system profitable as it faces increasing competition from U.S. shale gas supplies. Critics say TRP, as owner of the pipeline, should bear the brunt of costs associated with declining eastbound shipments.
    | 1 Comment
  • Mar. 25, 2013, 5:57 PM
    Railroads are the critical link behind the boom in North American oil production from shale fields beyond the reach of existing pipelines, and Raymond James suggests 21 stocks likely to benefit from the trend: CNI, CP, KSU, NSC, CSX, UNP, BTE, CNQ, ARII, TRN, GMT, PBF, DK, TSO, TLLP, GEL, NRGY, GLP, CSCTF.PK, MEGEF.PK, STPJF.PK. (earlier)
    | 3 Comments
  • Mar. 14, 2013, 10:17 AM
    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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  • Mar. 12, 2013, 10:41 AM
    Decisions by Canadian Natural Resources (CNQ) and Talisman Energy (TLM) to sell almost 500K acres in the Montney shale, one of western Canada's largest gas finds, threaten to depress prices for land that drew a record premium last year. But companies proposing liquefied natural gas terminals in Canada may not be done buying; private talks may have prompted CNQ and TLM to list the acreage for sale.
    | 1 Comment
  • Mar. 12, 2013, 10:17 AM
    Strategas analyst Daniel Clifton sees a better than 50% chance the Keystone pipeline (TRP) will be approved by late summer, and he thinks seven stocks will benefit directly or indirectly: CNQ, COP, DE, XOM, LYB, PWR and VLO - companies which already are doing well, and adding incremental revenue from Keystone should only help to improve their top and bottom lines.
    | 6 Comments
  • Mar. 7, 2013, 2:44 PM
    Canadian Natural Resources (CNQ +4.2%) powers higher after hiking its dividend 19% despite mixed Q4 results. Despite a history of resisting JV deals that have been all the rage in the oil patch peers in recent years, CNQ says it is on the lookout for a deal to monetize about a quarter of its vast shale holdings in the Montney formation.
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  • Mar. 7, 2013, 6:49 AM
    Canadian Natural Resource Ltd (CNQ) declares C$0.125/share quarterly dividend, 19% increase from prior dividend of C$0.105. Forward yield 1.65%. For shareholders of record Mar. 15. Payable Apr. 01. Ex-div date Mar. 13. (PR)
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  • Mar. 7, 2013, 5:24 AM
    Canadian Natrural Resources (CNQ): Q4 EPS of C$0.33 misses by C$0.06. Revenue of C$3.7B beats by C$0.19B. (PR)
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Company Description
Canadian Natural Resources Ltd is a senior independent energy company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NGLs and natural gas.
Country: Canada