Earnings
June 26, 2019 - CRR.UN
New! Crombie REIT - Q1-2019, Price Target Update .....
June 23, 2019 - PEGI
Pattern Energy Group - Q1-2019 Earnings & Price Target Update .....
June 21, 2019 - PL
Pinnacle Renewable Energy Inc. Q1-2019 Earnings, Price Target Forecast .....
June 20, 2019 - DIR.UN
Dream Industrial REIT - Q1-2019 Earnings, Price Target Update .....
June 19, 2019 - BTB.UN
BTB REIT - Q1-2019 Earnings, Price Target Update .....
June 18, 2019 - PPL
Pembina Pipeline Corp. Q1-2019 Earnings & Price Target Update .....
June 15, 2019 - NVU.UN
Northview Apartment REIT - Q1-2019 Earnings, Price Target Update .....
June 14, 2019 - APR.UN
Automotive Properties REIT - Q1-2019 Earnings, Price Target Update .....
Recommendation Changes
MFC, EIF, DR, FTS, CPX, more...

Canadian Natural Resources Ltd. Q1-2019 Earnings

This is only a sample of the article, please login to view the entire article

Canadian Natural Resources Ltd (CNQ) is a Canadian energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and NGLs. The largest area of operations is in western Canada, primarily the oil sands, followed by the North Sea and Offshore Africa. Total reserves as of Dec-31-2018 were estimated at 12B boe compared to actual of 13.4B of which 3% is natural gas and natural gas liquids, 93% comprised of oil sands and heavy oil and 4% of light-medium crude. Substantially all of production is sold based on US dollar benchmark pricing. Specifically, crude oil is marketed based on WTI and Brent indices. Canadian natural gas pricing is primarily based on Alberta AECO reference pricing.

Canadian Natural Resources operations include conventional and unconventional natural gas, projects in light, medium and heavy crude oil, as well as in situ oil sands and oil sands mining and upgrading production. Production by grade is 37% synthetic crude, 26% heavy oil, 13% medium to light oil and natural gas 24%. Oil contributes 95% of revenues and natural gas 5%. CNQ's oil sands assets are located in two of the major oil sands deposits in Western Canada – the Athabasca and Cold Lake. Production is either mined or thermally processed. Production is sold as either heavy oil or mixed with condensate to meet synthetic blend benchmarks. Total assets as of Sept-30-2018 were $74B, term debt is $21B.

Financial

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
June 14, 2019
Coverage Universe - Weekly Price June 7-14, 2019
June 8, 2019
Coverage Universe - Weekly Price Change May 31 - June 7, 2019
June 4, 2019
Mullen Group Ltd, 5.75% Convertible Debenture New Issue
May 31, 2019
Coverage Universe - Weekly Price Change May 24-31, 2019
May 25, 2019
Coverage Universe - Weekly Price Change May 17-24, 2019
May 24, 2019
TD Bank 5.1% Rate Reset Preferred Share New Issue
May 17, 2019
Coverage Universe - Weekly Price Change May 10-17, 2019
May 11, 2019
Coverage Universe - Weekly Price June 7-14, 2019