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.

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Canadian Natural Resources Ltd

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Post by geezer21on May 05, 2022 8:02pm

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Post# 34660673

Oil and Gas Supply Deficit

The oil and gas supply deficit is greater than what demand destruction can counter act. Expect oil and gas prices to keep rising.

The available pool of oil to meet demand is declining with taking Russian oil off the market, with oil production declining, with OPEC unable to achieve the increase in production they said would deliver over 6 months ago, and with Biden buying oil back to restock strategic reserves.

Hang on to your shares.

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Rig Count Soars as Utilization Surpasses Industry Averages