Canadian Natural Resources News

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U.S. oil prices could fall to $85 per barrel in the coming year. However, Cameron and Canadian Natural Resources should do well even if prices moderate.

Canadian Natural Resources yesterday unveiled plans to inject 300 million to extend the life of one of the oldest oil fields in the North Sea.

The Toronto stock market was lower at mid-morning Wednesday, adding to a sharp loss in the previous session amid worries that central banks may withdraw efforts to help the global economic recovery.

MasTec, Inc. has acquired Big Country Energy Services Inc., and its affiliated operating companies, which are known as Big Country, a Calgary-based oil and gas pipeline and facility construction services company.

An aerial view of an oilsands tailings pond near Fort McMurray, Alta. Tailings are proving trickier to clean up than energy companies and regulators thought they would be.

Mr. Suttles comes from BP PLC where he was chief operating officer of BP Exploration and Production.

The firm set an "accumulate" rating on the stock. Several other analysts have also recently commented on the stock.

The firm set an "accumulate" rating and a $40.00 price target on the stock. Global Hunter Securities' price objective would suggest a potential upside of 38.79% from the stock's previous close.

Canada's Penn West Petroleum Ltd named a former Marathon Oil Corp executive as CEO and said it would slash its dividend, cut 10 percent of its staff and review strategic options such as asset divestments and joint ventures.

Weakness in Canadian Natural Resources Ltd, following a downgrade of the stock by Goldman Sachs, also weighed on the market.

Shares of Canadian Natrl Res opened at 29.40 on Monday. Canadian Natrl Res has a one year low of $25.01 and a one year high of $35.12. The stock's 50-day moving average is currently $29.64. The company has a market cap of $32.057 billion and a P/E ratio of 19.21. Canadian Natrl Res last posted its quarterly earnings results on Thursday, May 2nd.

U.S. indexes were mixed as traders looked ahead to the most up-to-date snapshot of the American manufacturing sector.

On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Actuant downgraded to Neutral from Buy at UBS... F5 Networks downgraded to Equal Weight from Overweight at Morgan Stanley... Golar LNG downgraded to Market Perform from Outperform at Raymond James,,, Koppers Holdings downgraded to Hold from Buy at Jefferies... Torchmark ... (more)

On May 6, Penn West Petroleum Ltd. announced that former Suncor CEO Rick George and former Canadian Natural Resources board chair Allan Markin were joining its board in the respective roles of board chair and vice-chair. What caught our attention was not only the experience that the two bring to Penn West, but also the amount of stock.

Canadian stocks fell, paring a sixth weekly gain, as metal and crude oil prices retreated and U.S. consumer spending unexpectedly declined in April.

Other equities research analysts have also recently issued reports about the stock.

Bruce Berkowitz 's Fairholme Fund has gained 20.4% year to date, pushing it to a 39% return over the past 12 months.

It operates in Western Canadian sedimentary basin, the UK portion of the North Sea and offshore West Africa.

The notes were sold at a price of C$100.003 per note to yield 2.89% to maturity.