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Canadian Natural Resources Q2 Earnings Call Highlights
['Michael Walen']
Markets Daily
Canadian Natural Resources (NYSE:CNQ) reported record second-quarter production, adjusted earnings and adjusted funds flow, supported by strong oil sands performance, higher output from acquired assets and favorable pricing for synthetic crude oil.
Combined with oil sands mining and upgrading operating costs of C$22.19 per barrel, that produced a record per-barrel netback of about C$78, Stauth said.
Canadian Natural said roughly two-thirds of its liquids output consisted of high-value SCO, light crude oil and natural gas liquids.
About Canadian Natural Resources (NYSE:CNQ)Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company.
The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.