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Thursday, August 03, 2017 11:33:26 AM
Canadian Natural Resources (CNQ +3.9%) opens with strong gains after reporting better than expected Q2 earnings and announcing plans to cut capex.
Citing strong H1 results, CNQ raises the mid-point of its 2017 annual liquids and boe production guidance by 11K bbl/day and 3K boe/day, respectively, while lowering its full-year capital program by ~C$180M from earlier plans for C$3.9B in spending.
For Q2, CNQ says total production volumes averaged a record 913.1K boe/day, up 4% Q/Q and 16.5% Y/Y, despite continued reliability issues at a third party natural gas facility.
CNQ says cash flow climbed to $1.73B from $938M in the year-ago quarter, and reduced debt by ~$1.2B from year-end 2016.
Recent CNQ News
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- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/08/2024 05:23:06 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/29/2024 06:20:04 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/29/2024 06:16:28 PM
- U.S. Futures Dip as PCE Data Looms; Modest Gains for WTI and Brent Crude in April Contracts • IH Market News • 02/29/2024 11:13:07 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 11:14:12 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 10:46:32 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/14/2023 06:37:47 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 12/06/2023 09:47:46 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/02/2023 04:13:04 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/02/2023 04:09:15 PM
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