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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 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

Comment by onec007on Mar 18, 2020 8:26pm
220 Views
Post# 30824241

RE:RE:RE:RE:Hedging

RE:RE:RE:RE:HedgingWittmann - a logical explanation in a rather illogical time. I understand what you are saying and hoping that investors do as well. So many lives are at risk - employees, companies, investors. I think you're correct in that Canada's oil business has been on the downturn since 2016 and have never really quite recovered. With no pipelines the majors have focused on deleveraging while our neighbors to the south have been either buying assets at insane valuation (Oxy / Anardaco), increasing debt to drill or paid shareholders with high unstable dividends. Hopefully this is like the 2008/2009 where Canadian heavies remain due to their conservative business nature.
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