Canadian Natural Resources Ltd T.CNQ

Alternate Symbol(s): CNQ

Energy Oil & Gas E&P

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 are 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. Its 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

Canadian Natural Resources Ltd

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Comment by johnathamiltonon Jan 07, 2012 3:13pm

362 Views

Post# 19378972

RE: More Insider Selling of CNQ. Friday, Jan.6th

Uchuck, I agree. the pipelines are going to do better in the short to medium turn than oil. Oil is likely to dive in the upcoming year due to 2 things:

1) world economy is going to stagnate or shrink (Thanks Euro!)

2) Tight Oil is going to come on the market and play the same price dampening role that tight gas did. Margins for CNQ and the other oil sands companies are going to tank.

Even though I like the company, the structural economic conditions are going to overwhelm it. I don't know if RRSP season will be strong enough to give it enough boost to enable me to get out of it without a loss, but am watching for opportunities like a hawk.

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