Suncor Energy Inc T.SU

RE: SP difference increasing between SU and CNQ

[JaidenInvester]

Cnq is doing a share buy back there is a start just got the email this morning !!!!

Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("CanadianNatural") announced today that Toronto Stock Exchange has acceptednotice filed by Canadian Natural of its intention to make a NormalCourse Issuer Bid through the facilities of Toronto Stock Exchange.Purchases may also be made through the facilities of the New York StockExchange.


The notice provides that CanadianNatural may, during the 12 month period commencing April 6, 2011 andending April 5, 2012, purchase for cancellation on Toronto StockExchange and the New York Stock Exchange up to 27,406,131 shares, being2.5% of the 1,096,245,257 outstanding common shares as at March 25,2011. Canadian Natural will not acquire more than 25% of the averagedaily trading volume of its common shares during a trading day, being652,484 common shares. The price which Canadian Natural will pay for anysuch shares will be the market price at the time of acquisition. Theactual number of common shares that may be purchased and the timing ofany such purchases will be determined by Canadian Natural.


Whilepursuing Canadian Natural's successful acquisition, exploration anddevelopment plans remain the best opportunity to create value forCanadian Natural, any excess cash flow in 2011 over budgeted spendingmay be used by Canadian Natural to further strengthen its balance sheetor continue growth of value per common share. One investment opportunityavailable to Canadian Natural under these circumstances, depending uponfuture trading prices and other factors, is the use of these excessfunds to purchase its common shares, as it is a worthwhile investment,and is in the best interests of Canadian Natural and its shareholders.


CanadianNatural, pursuant to a Normal Course Issuer Bid that ends April 5,2011, purchased and cancelled in the last twelve months at a weightedaverage price of C$33.76 per common share, 2,000,000 of its outstandingcommon shares.


Canadian Natural is a senioroil and natural gas production company, with continuing operations inits core areas located in Western Canada, the U.K. portion of the NorthSea and Offshore West Africa.




FOR FURTHER INFORMATION PLEASE CONTACT: Vice Chairman
John G. Langille
ORPresident
Steve W. Laut
ORVice-President, Finance & Investor Relations
Corey B. Bieber
OR2500, 855 - 2nd Street S.W.
Canadian Natural Resources Limited
Calgary, Alberta, T2P 4J8
[phone]
[phone] (FAX)
[e-mail]
www.cnrl.com