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Canadian Natural Resources Ltd T.CNQ

Alternate Symbol(s):  CNQ

Canadian Natural Resources Limited is a Canada-based independent crude oil and natural gas exploration, development and production company. The Company's segments include exploration and production, oil sands mining and upgrading, and midstream and refining. The exploration and production segment is focused on North America, specifically in Western Canada; the United Kingdom portion of the North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. The oil sands mining and upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands and through its direct and indirect interest in the Athabasca Oil Sands Project. Within Western Canada in the midstream and refining segment, the Company maintains certain activities that include pipeline operations, an electricity co-generation system and an investment in the Northwest Redwater Partnership, a general partnership formed to upgrade and refine bitumen in the Province of Alberta.


TSX:CNQ - Post by User

Comment by pablo87on Aug 07, 2020 12:19pm
240 Views
Post# 31379470

RE:RE:RE:RE:BNS is Forecasting $30 plus

RE:RE:RE:RE:BNS is Forecasting $30 plusHi Rad. Its all good! I moved some from CVE to CNQ a couple of weeks ago as the latter depends a lot less on WCS (discount to WTI has been going up) and condensate cost of supply (closer to WTI right now than historically) and have a pretty good nat gas business which of course is on the upswing.  So even though debt is high, it seems like they have the best business model in E&P for this business environment at least.

Take care.

rad10 wrote: Hi Pablo

Good to hear from you!  Hope you are well.  The debt to ebidta has crept up a bit from 2 and change to 3.  All things considered its manageable isn't it?

All the best


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