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Timothy Smith

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Timothy Smith

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Friday, 05/08/2015 12:50:12 AM

Friday, May 08, 2015 12:50:12 AM

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Canadian Natural Resources is lower after Q1 earnings beat expectations amid record production, but unadjusted earnings resulted in the company's first quarterly loss in more than four years.

CNQ says Q1 output totaled a record 898K boe/day, up 31% Y/Y, with crude oil production rising 23% and natural gas production increasing 51%, but cash flow fell 36% to C$1.37B due to lower commodity prices.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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