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Canadian Natural Resources Ltd (CNQ.TO)

CNQ.TO on Toronto Stock Exchange

22.60CAD
22 Sep 2020
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Latest Key Developments (Source: Significant Developments)

Canadian Natural Resources sees low pipeline apportionment in third quarter
Thursday, 6 Aug 2020 

Aug 6 (Reuters) - Canadian Natural Resources Ltd executives, speaking on a conference call::CANADIAN NATURAL RESOURCES PRESIDENT SAYS 2021 CAPITAL BUDGET MAY NOT CHANGE MUCH FROM 2020 AT CURRENT STRIP PRICES.CANADIAN NATURAL RESOURCES PRESIDENT SEES PIPELINE APPORTIONMENT 'QUITE LOW' IN THIRD QUARTER, MAYBE SLIGHTLY HIGHER IN FOURTH QUARTER.  Full Article

Canadian Natural Resources Reports Qtrly Adjusted Loss Per Share of $0.65
Thursday, 6 Aug 2020 

Aug 6 (Reuters) - Canadian Natural Resources Ltd ::CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES 2020 SECOND QUARTER RESULTS.QTRLY LOSS PER SHARE $0.26.QTRLY ADJUSTED LOSS PER SHARE $0.65.Q2 ADJUSTED FUNDS FLOW PER SHARE $0.35.PRODUCTION VOLUMES OF 1,165,487 BOE/D IN Q2/20, AN INCREASE OF 14% FROM Q2/19.Q2 EARNINGS PER SHARE VIEW C$-0.80, REVENUE VIEW C$2.84 BILLION -- REFINITIV IBES DATA.  Full Article

Canadian Natural Resources Limited Prices US$1.1 Billion In 5 And 10 Year Notes
Tuesday, 23 Jun 2020 

June 22 (Reuters) - Canadian Natural Resources Ltd ::CANADIAN NATURAL RESOURCES LIMITED PRICES US$1.1 BILLION IN 5 AND 10 YEAR NOTES.PRICED 5 YEAR NOTES AT US$99.832/PER NOTE.PRICED 10 YEAR NOTES AT US$99.955/NOTE.  Full Article

Apac Resources Unit Disposed In Aggregate 90,000 Shares In Canadian Natural Resources
Friday, 15 May 2020 

May 15 (Reuters) - APAC Resources Ltd <1104.HK>::UNIT DISPOSED IN AGGREGATE 90,000 SHARES IN CANADIAN NATURAL RESOURCES.DEAL FOR AGGREGATE CONSIDERATION OF ABOUT C$2 MILLION.  Full Article

Canadian Natural Resources Reports Qtrly Adjusted Funds Flow Of $1.13/Share
Thursday, 7 May 2020 

May 7 (Reuters) - Canadian Natural Resources Ltd ::CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES 2020 FIRST QUARTER RESULTS.QTRLY ADJUSTED FUNDS FLOW $1.13 PER SHARE.CANADIAN NATURAL - DUE TO CURRENT UNCERTAINTY AROUND COVID-19 PANDEMIC OFFICIALLY REMOVING ITS 2020 CORPORATE PRODUCTION GUIDANCE.IS TARGETING TO LOWER OPERATING COSTS THROUGHOUT 2020 BY APPROXIMATELY $745 MILLION VERSUS 2019 LEVELS..TARGETING AN APPROXIMATE REDUCTION OF $90 MILLION IN G&A COMPARED TO ORIGINAL 2020 BUDGET..CANADIAN NATURAL RESOURCES - QUARTERLY CORPORATE PRODUCTION OF ABOUT 1,179 MBOE/D, INCLUDING RECORD LIQUIDS PRODUCTION OF APPROXIMATELY 939 MBBL/D.  Full Article

Canadian Natural Resources Says Will Reduce 2020 Capital Spending Budget
Thursday, 19 Mar 2020 

March 18 (Reuters) - Canadian Natural Resources Ltd ::CANADIAN NATURAL RESOURCES LTD - TO REDUCE ITS 2020 CAPITAL SPENDING BUDGET TO APPROXIMATELY $2,960 MILLION.CANADIAN NATURAL RESOURCES LTD - NO CHANGE TO 2020 CORPORATE PRODUCTION GUIDANCE VOLUMES OF 1,137,000 - 1,207,000 BOE/D.CANADIAN NATURAL RESOURCES - EFFECTIVE APRIL 2020, PRESIDENT'S ANNUAL SALARY HAS BEEN REDUCED 20%.CANADIAN NATURAL RESOURCES LTD - HAS SUSPENDED SHARE PURCHASES UNDER ITS ISSUER BID AS AT MARCH 11.CANADIAN NATURAL RESOURCES - BOARD OF DIRECTORS HAS ALSO AGREED TO REDUCE THEIR ANNUAL BOARD CASH RETAINER BY 10%.CANADIAN NATURAL - CURRENT LIQUIDITY IS ABOUT $5 BILLION CONSISTING OF CASH, INCLUDING ABOUT $1 BILLION IN ESTIMATED CASH RESERVES AS AT MARCH 31, 2020.CANADIAN NATURAL -IDENTIFIED,IMPLEMENTED OPPORTUNITIES TO REDUCE 2020 SPENDING BUDGET TO ABOUT $2,960 MILLION, $1,090 MILLION REDUCTION VERSUS PRIOR BUDGET.  Full Article

Canadian Natural Resources Declared Quarterly Cash Dividend Of C$0.425 Per Common Share
Thursday, 5 Mar 2020 

March 5 (Reuters) - Canadian Natural Resources Ltd ::CANADIAN NATURAL RESOURCES - DECLARED QUARTERLY CASH DIVIDEND ON ITS COMMON SHARES OF C$0.425 PER COMMON SHARE.  Full Article

Canadian Natural Resources Reports Qtrly Earnings Per Share $0.50
Thursday, 5 Mar 2020 

March 5 (Reuters) - Canadian Natural Resources Ltd ::CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES 2019 FOURTH QUARTER AND YEAR END RESULTS.QTRLY ADJUSTED FUNDS FLOW PER SHARE $2.10.QTRLY ADJUSTED NET EARNINGS FROM OPERATIONS $0.58.QTRLY EARNINGS PER SHARE $0.50.CANADIAN NATURAL RESOURCES - PRODUCTION VOLUMES OF 1,156,276 BOE/D IN Q4/19, A 7% INCREASE AND 2% DECREASE FROM Q4/18 AND Q3/19 LEVELS RESPECTIVELY.CANADIAN NATURAL'S ANNUAL 2020 CAPITAL EXPENDITURES ARE TARGETED TO BE APPROXIMATELY $3.95 BILLION.TARGETS ANNUAL 2020 PRODUCTION LEVELS TO AVERAGE BETWEEN 910,000 BBL/D AND 970,000 BBL/D OF CRUDE OIL AND NGLS.CANADIAN NATURAL RESOURCES -TARGETS ANNUAL 2020 PRODUCTION LEVELS TO AVERAGE BETWEEN 1,360 MMCF/D AND 1,420 MMCF/D OF NATURAL GAS, BEFORE ROYALTIES.Q4 EARNINGS PER SHARE VIEW C$0.70, REVENUE VIEW C$5.83 BILLION -- REFINITIV IBES DATA.CANADIAN NATURAL RESOURCES -ACHIEVED RECORD ANNUAL PRODUCTION VOLUMES OF 1,098,957 BOE/D IN 2019.  Full Article

Canadian Natural Resources Limited Announces 2020 Budget
Wednesday, 4 Dec 2019 

Dec 4 (Reuters) - Canadian Natural Resources Ltd ::CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES 2020 BUDGET.2020 CAPITAL BUDGET OF $4.05 BILLION, DELIVERS TARGETED PRODUCTION OF APPROXIMATELY 1,172,000 BOE/D AT MID-POINT OF GUIDANCE.OVERALL, PRODUCTION IN 2020 IS TARGETED TO BE BETWEEN 1,137,000 BOE/D AND 1,207,000 BOE/D.NATURAL GAS PRODUCTION GUIDANCE FOR 2020 IS TARGETED TO RANGE BETWEEN 1,360 MMCF/D TO 1,420 MMCF/D.2020 TARGETED PRODUCTION IS 10,000 BBL/D TO 25,000 BBL/D LESS THAN IT WOULD HAVE BEEN WITHOUT CURTAILMENT PROGRAM.INCREASED 2020 CAPITAL BUDGET BY ABOUT $250 MILLION OVER 2019 LEVELS ADDING APPROXIMATELY 60 DRILLING LOCATIONS ACROSS ALBERTA.2020 BUDGET GUIDANCE FOR TOTAL CAPITAL EXPENDITURES C$4,050 MILLIONS.  Full Article

Canadian Natural Resources says Keystone outage had little impact on company
Thursday, 7 Nov 2019 

Nov 7 (Reuters) - Canadian Natural Resources , speaking on a quarterly conference call::CANADIAN NATURAL RESOURCES PRESIDENT SAYS HE EXPECTS KEYSTONE OIL PIPELINE TO BE BACK ONLINE IN NEXT FEW WEEKS.CANADIAN NATURAL RESOURCES PRESIDENT SAYS KEYSTONE PIPELINE OUTAGE HAS HAD 'VERY LITTLE IMPACT' ON COMPANY.CANADIAN NATURAL RESOURCES PRESIDENT SAYS CONTRACTUAL TERMS FOR ALBERTA RAIL CAR LEASES ‘VERY COMPLEX’, HARD TO SAY WHAT WILL HAPPEN.  Full Article