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 shakkaon Jun 13, 2012 10:22am

255 Views

Post# 20007857

RE: Down

What are you basing your lower price of CNQ on? Oil has been down 25% and CNQ has come down for a high of 50 to almost 27 (46% decline). I see very little downside risk here on CNQ, and a lot of upside when oil stocks are back in favor. CNQ will need to demonstrate that Horizon issues have been rectified by delivering good number in the next 2qtrs.

Check back in 3 months and we should be 35+.

Shakka

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