Type
|
Public company |
---|---|
Traded as | TSX: CNQ NYSE: CNQ S&P/TSX 60 component |
Industry | Oil and gas |
Founded | Calgary, Alberta (1973) |
Headquarters | Calgary, Alberta |
Key people
|
Steve Laut (President) Tim S. Mckay (COO) Murray Edwards (Chairman) |
Revenue | $17.945 billion CAD (2013, before royalties) |
Number of employees
|
10,029 (June 2017) |
Website | www |
Canadian Natural Resources Limited, or CNRL or Canadian Natural, is a Canadian oil and gas exploration, development and production company, with its corporate head office in Calgary, Alberta. Along with its core area Western Canadian Sedimentary Basin (WCSB), CNRL also has North Sea and offshore West Africa fields. By 2011, with a production of 121,000 barrels (19,200 m), CNRL was Canada's largest oil company and Canada's "single biggest conventional heavy oil producer". By 2009 CNRL ranked number 251 on the Forbes Global 2000 list.
CNRL is one of the largest independent crude oil and natural gas producers in the world, with its head office in Calgary, and operations focused in the Western Canadian Sedimentary Basin, the North Sea and offshore West Africa.
With headquarters located in Calgary, Alberta, the company operates field offices in Alberta, British Columbia, Saskatchewan, as well as international offices in Gabon, Côte d'Ivoire and Aberdeen, Scotland.
According to the company it has the largest undeveloped base in the Western Canadian Sedimentary Basin: it is the largest independent producer of natural gas in Western Canada and the largest producer of heavy crude oil in Canada.
Canadian Natural's largest operation is the Horizon Oil Sands project which is located 75 kilometres (47 mi) north of Fort McMurray, Alberta. The Horizon Oil Sands include a surface oil sands mining and bitumen extraction plant, complimented by on-site bitumen upgrading with associated infrastructure. Canadian Natural's sanctioned the Horizon Oil Sands Project in February 2005 and it produced its first barrels of synthetic crude oil in early 2009.
International operations concentrates in the United Kingdom portion of the North Sea and in offshore Africa. In the North Sea, it focuses on managing existing infrastructure. In offshore Africa, the company operates in Côté d'Ivoire and Gabon.
In 1988, Canadian Natural was heavily in debt due to a combination of excessive leverage in late 1970s and early 1980s, and the collapse of oil prices in 1986. It was forced into a restructuring that saw the majority of its geographically scattered assets sold. It employed 9 people, produced about 1,400 barrels (220 m) of oil equivalent per day and had a market capitalization of about $1 million. Through growth and acquisitions, it has grown to approximately 8000 employees, production of over 817,000 barrels of oil equivalent per day and a market capitalization of approximately $45 billion.
In late November 2014, a CNRL pipeline spilled almost 60,000 liters of crude oil into a muskeg region in northern Alberta, located roughly 27 kilometers from Red Earth Creek. 2014 was a poor safety year for CNRL.
In November 2015, the firm announced it would sell most of its royalty assets to PrairieSky Royalty Ltd for around $1.8 billion.
In March, 2017, Canadian Natural Resources announced plans to spend C$12.74 billion in cash and shares in a blockbuster deal to acquire the bulk of Royal Dutch Shell’s oilsands holdings and half of Marathon Oil’s minority stake in the Athabasca Oil Sands Project in Alberta.
Canadian Natural's common shares are listed on the New York Stock Exchange under the symbol CNQ and under the Toronto Stock Exchange as CNQ and CNQ.U which denotes trading in US funds.
Canadian Natural is a limited liability, publicly traded corporation. Current members of the board of directors are: Catherine M. Best, N. Murray Edwards, Honourable Gary A. Filmon, Ambassador Gordon D. Giffin, John G. Langille, Steve W. Laut, Keith A.J. MacPhail, Honourable Frank J. McKenna, James S. Palmer, Eldon R. Smith and David A. Tuer.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-11-02 | Future report Set alerts | |
Q2 2022 | 2022-08-04 | 3.26 | 3.26 |
Q1 2022 | 2022-05-05 | 0.00 | 0.00 |
Q4 2021 | 2022-03-03 | 2.21 | 2.21 |
Q3 2021 | 2021-11-04 | 1.77 | 1.77 |
Q2 2021 | 2021-08-05 | 1.24 | 1.24 |
Q1 2021 | 2021-05-06 | 1.03 | 1.03 |
Q4 2020 | 2021-03-04 | 0.15 | 0.15 |
Q3 2020 | 2020-11-05 | 0.11 | 0.11 |
Q2 2020 | 2020-08-06 | -0.65 | -0.65 |
2016-06-20 | Reiterated Rating | Nomura | Buy | |
2016-06-20 | Reiterated Rating | Nomura Holdings Inc. | Buy | |
2016-06-17 | Reiterated Rating | Citigroup Inc. | Buy | $28.63 to $34.00 |
2016-06-17 | Reiterated Rating | TD Securities | Hold | $38.00 |
2016-06-17 | Reiterated Rating | Scotiabank | Outperform | $35.00 to $42.00 |
2016-06-16 | Reiterated Rating | Credit Suisse | Buy | |
2016-06-16 | Reiterated Rating | Credit Suisse Group AG | Buy | |
2016-06-15 | Upgrade | RBC Capital | Outperform to Top Pick | |
2016-06-15 | Upgrade | Royal Bank Of Canada | Outperform to Top Pick | |
2016-06-14 | Boost Price Target | RBC Capital | Outperform | $43.00 to $50.00 |
2016-05-19 | Reiterated Rating | Raymond James | Outperform | |
2016-05-19 | Reiterated Rating | Raymond James Financial Inc. | Outperform | |
2016-05-09 | Reiterated Rating | Barclays | Overweight | $36.00 to $39.00 |
2016-05-09 | Reiterated Rating | Barclays PLC | Overweight | $36.00 to $39.00 |
2016-05-05 | Upgrade | National Bank Financial | Sector Perform to Outperform | |
2016-04-07 | Boost Price Target | Citigroup Inc. | Buy | $25.00 to $29.00 |
2016-04-01 | Downgrade | TD Securities | Buy to Hold | |
2016-03-07 | Reiterated Rating | RBC Capital | Outperform | $35.00 to $39.00 |
2016-03-07 | Reiterated Rating | Raymond James | Outperform | $36.00 to $41.00 |
2016-03-07 | Reiterated Rating | National Bank Financial | Sector Perform | $32.00 to $35.00 |
2016-03-07 | Reiterated Rating | CIBC | Sector Outperform | $36.00 to $40.00 |
2016-03-07 | Reiterated Rating | BMO Capital Markets | Outperform | $34.00 to $36.00 |
2016-03-04 | Downgrade | Desjardins | Buy to Hold | |
2016-03-04 | Upgrade | JPMorgan Chase & Co. | Neutral to Overweight | |
2016-01-30 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | |
2016-01-25 | Reiterated Rating | RBC Capital | Outperform | $35.00 |
2016-01-21 | Lower Price Target | Nomura | Buy | $39.00 to $34.00 |
2016-01-12 | Downgrade | Morgan Stanley | Overweight to Equal Weight | |
2016-01-12 | Reiterated Rating | Societe Generale | Buy | $40.00 to $35.00 |
2016-01-08 | Downgrade | Macquarie | Outperform to Neutral | |
2016-01-05 | Upgrade | Citigroup Inc. | Neutral to Buy | $26.00 to $25.00 |
2015-12-15 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $33.00 to $30.00 |
2015-11-09 | Reiterated Rating | Scotiabank | Outperform | $38.00 to $39.00 |
2015-11-09 | Reiterated Rating | Raymond James | Outperform | $36.00 to $38.00 |
2015-11-09 | Reiterated Rating | National Bank Financial | Outperform | $38.00 to $40.00 |
2015-11-06 | Boost Price Target | RBC Capital | Outperform | $37.00 to $39.00 |
2015-10-21 | Reiterated Rating | Barclays | Overweight | $35.00 |
2015-10-14 | Reiterated Rating | RBC Capital | Outperform | |
2015-10-08 | Upgrade | Wolfe Research | Underperform to Market Perform | |
2015-09-29 | Lower Price Target | Scotiabank | $41.00 to $38.00 | |
2015-09-23 | Lower Price Target | CIBC | $43.50 to $36.00 | |
2015-09-14 | Lower Price Target | Citigroup Inc. | Neutral | $28.00 to $23.00 |
2015-09-11 | Upgrade | Bank of America | Buy | $64.00 |
2015-09-11 | Upgrade | Bank of America Corp. | Buy | $64.00 |
2015-09-08 | Reiterated Rating | Raymond James | Outperform | $36.00 |
2015-09-08 | Reiterated Rating | Barclays | Overweight | $36.00 to $35.00 |
2015-09-04 | Lower Price Target | BMO Capital Markets | Outperform | $44.00 to $38.00 |
2015-08-26 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | |
2015-08-21 | Lower Price Target | Barclays | Overweight | $42.00 to $36.00 |
2015-08-18 | Lower Price Target | Societe Generale | Buy | $45.00 to $40.00 |
2015-08-07 | Reiterated Rating | Scotiabank | Sector Outperform | $21.00 |
2015-08-07 | Upgrade | Raymond James | Market Perform to Outperform | |
2015-07-21 | Lower Price Target | CIBC | Sector Outperformer | $50.00 to $43.50 |
2015-07-08 | Lower Price Target | Scotiabank | $42.00 to $41.00 | |
2015-06-29 | Initiated Coverage | Goldman Sachs | Neutral | $31.00 |
2015-06-29 | Initiated Coverage | Goldman Sachs Group Inc. | Neutral | $31.00 |
2015-05-28 | Initiated Coverage | JPMorgan Chase & Co. | Overweight | |
2015-05-11 | Reiterated Rating | National Bank Financial | Outperform | $46.00 to $48.00 |
2015-05-11 | Upgrade | FirstEnergy Capital | Top Pick | |
2015-05-08 | Boost Price Target | RBC Capital | Outperform | $43.00 to $45.00 |
2015-04-27 | Reiterated Rating | Barclays | Overweight | $41.00 to $40.00 |
2015-04-22 | Initiated Coverage | Nomura | Buy | |
2015-04-14 | Initiated Coverage | GMP Securities | Buy to Buy | |
2015-04-09 | Reiterated Rating | Citigroup Inc. | Hold | $34.00 to $36.00 |
2015-03-10 | Upgrade | Veritas Investment Research | Sell to Buy | |
2015-03-06 | Upgrade | Cormark | Market Perform to Buy | |
2015-03-06 | Reiterated Rating | Citigroup Inc. | Hold | $28.00 to $34.00 |
2015-03-06 | Boost Price Target | RBC Capital | Outperform | $41.00 to $43.00 |
2014-12-08 | Downgrade | Citigroup Inc. | Buy to Neutral | $50.00 to $36.00 |
2014-12-01 | Downgrade | Wolfe Research | Market Perform to Underperform | |
2014-09-26 | Upgrade | TD Securities | Hold to Buy | |
2014-09-16 | Initiated Coverage | AltaCorp Capital | Outperform | |
2014-08-14 | Initiated Coverage | Howard Weil | Sector Perform | |
2014-07-17 | Set Price Target | CIBC | $54.00 to $57.00 | |
2014-07-07 | Upgrade | BMO Capital Markets | Sector Perform to Outperform | |
2014-06-23 | Boost Price Target | FirstEnergy Capital | $5.00 to $56.00 | |
2014-06-19 | Reiterated Rating | Citigroup Inc. | Buy | $42.00 to $50.00 |
2014-06-18 | Reiterated Rating | Scotiabank | Sector Outperform | |
2014-06-18 | Boost Price Target | Barclays | Overweight | $53.00 |
2014-05-12 | Upgrade | FirstEnergy Capital | Outperform to Top Pick | |
2014-04-15 | Reiterated Rating | CIBC | Sector Perform | $52.00 |
2014-03-27 | Upgrade | FirstEnergy Capital | Market Perform to Outperform | |
2014-03-19 | Initiated Coverage | Morgan Stanley | Overweight | $51.00 |
2014-03-18 | Initiated Coverage | CIBC | Sector Outperform to Outperform | |
2014-02-21 | Downgrade | FirstEnergy Capital | Outperform to Market Perform | |
2014-02-20 | Reiterated Rating | Scotiabank | Sector Outperform | |
2014-02-20 | Upgrade | Macquarie | Neutral to Outperform | |
2014-01-21 | Upgrade | Global Hunter Securities | Accumulate to Buy | $40.00 to $44.00 |
2014-01-10 | Upgrade | BMO Capital Markets | Market Perform to Outperform | |
2013-12-11 | Downgrade | FirstEnergy Capital | Outperform | |
2013-12-03 | Reiterated Rating | Raymond James | Market Perform | $38.00 |
2013-11-08 | Reiterated Rating | Scotiabank | Sector Outperform | $42.00 |
2013-11-08 | Boost Price Target | RBC Capital | Outperform | $40.00 to $41.00 |
2013-11-08 | Boost Price Target | National Bank Financial | $40.00 to $42.00 | |
2013-11-08 | Boost Price Target | Canaccord Genuity | Buy | $42.00 |
2013-10-11 | Reiterated Rating | Scotiabank | Sector Outperform | $42.00 |
2013-10-10 | Upgrade | Canaccord Genuity | Hold to Buy | |
2013-09-26 | Reiterated Rating | RBC Capital | Outperform | $38.00 |
2013-09-24 | Boost Price Target | Scotiabank | $38.00 to $42.00 | |
2010-12-06 | Upgrade | Stifel Nicolaus | Hold to Buy | $50 |
2010-03-29 | Downgrade | UBS | Buy to Neutral | |
2009-07-14 | Reiterated | Barclays Capital | Equal Weight | $54 to $60 |
2009-05-05 | Downgrade | Barclays Capital | Overweight to Equal Weight |
2016-06-20 | Reiterated Rating | Nomura | Buy | |
2016-06-20 | Reiterated Rating | Nomura Holdings Inc. | Buy | |
2016-06-17 | Reiterated Rating | Citigroup Inc. | Buy | $28.63 to $34.00 |
2016-06-17 | Reiterated Rating | TD Securities | Hold | $38.00 |
2016-06-17 | Reiterated Rating | Scotiabank | Outperform | $35.00 to $42.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CNQ 339 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Capital World Investors | 0.14B |
Capital Research Global Investors | 84.81M |
ROYAL BANK OF CANADA | 69.85M |
FMR LLC | 67.02M |
Vanguard Group, Inc | 40.37M |
BANK OF MONTREAL /CAN/ | 30.73M |
FIL Ltd | 24.63M |
CANADA PENSION PLAN INVESTMENT BOARD | 20.65M |
TD ASSET MANAGEMENT INC | 18.49M |
MACKENZIE FINANCIAL CORP | 15.88M |
YACKTMAN ASSET MANAGEMENT LP | 15.81M |
BANK OF NOVA SCOTIA / | 14.95M |
1832 Asset Management L.P. | 13.99M |
CIBC Asset Management Inc | 12.17M |
MANUFACTURERS LIFE INSURANCE COMPANY, THE | 11.81M |