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Canadian Natural Resources Ltd T.CNQ

Alternate Symbol(s):  CNQ

Energy Oil & Gas E&P
Canadian Natural Resources Limited is a senior crude oil and natural gas production company. Its exploration and production segment are focused on North America, in Western Canada, the United Kingdom portion of the North Sea, and Cote d'Ivoire 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 (AOSP). Within Western Canada in the Midstream and Refining segment, it maintains certain activities: 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. It owns a 70% interest in light crude oil and liquids rich Duvernay assets. It owns 90% of AOSP: the Muskeg River and Jackpine mines, the Scotford Upgrader and the Quest Carbon Capture and Storage facility.


TSX:CNQ - Post by User

Canadian Natural Resources Ltd > Friday's huge slide
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Comment by Ocalamanon Jul 13, 2024 10:24am
169 Views
Post# 36131502

RE:RE:RE:Friday's huge slide

RE:RE:RE:Friday's huge slideThe issue with tmx right now ,as shown below are still not resolved to my knowledge and may hold back big moves, now that the stock price has recoupled with the price of oil I am optimistic 

Canadian Natural Resources Limited (CNQ) and other oil producers in western Canada are facing issues with the newly commissioned Trans Mountain Expansion (TMX) pipeline, primarily related to crude quality specifications.The main concerns are:
  1. High sulfur content: West Coast refiners have raised concerns about the initial volumes' high sulfur content.
  2. Acidity: The Total Acid Number (TAN) specification is considered too high by some producers and refiners.
  3. Vapor pressure: The current vapor pressure limit of 103 kPa at 37.8°C is nearly 40% higher than what many storage tanks can accommodate.
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