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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Canadian Natural Resources Limited    CNQ   CA1363851017

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Canadian Natural Resources Limited : Canadian Natural conducting upkeep at Horizon project

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03/05/2013 | 05:29pm CET

Canadian Natural Resources Ltd said on Tuesday it is conducting routine maintenance at its 115,000 barrel a day Horizon oil sands project in northern Alberta, but did not give details of the work or the impact on production levels.

"Normal repairs and maintenance are routine and ongoing, which we complete on all of our assets," the company said in an emailed statement. "Apart from this routine work, and as previously disclosed, there is a major turnaround planned for Horizon in spring 2013."

Canadian Natural has said it plans an 18-day shutdown at Horizon beginning in May. The work will include a catalyst change, inspections and other maintenance.

(Reporting by Jeffrey Jones; Editing by Gerald E. McCormick)

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Financials ( CAD)
Sales 2016 10 333 M
EBIT 2016 -1 197 M
Net income 2016 -750 M
Debt 2016 16 505 M
Yield 2016 2,12%
P/E ratio 2016 -
P/E ratio 2017 46,37
EV / Sales 2016 5,99x
EV / Sales 2017 4,21x
Capitalization 45 394 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 49,3  CAD
Spread / Average Target 20%
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NameTitle
Steve W. Laut President & Non-Independent Director
N. Murray Edwards Executive Chairman
Tim S. McKay Chief Operating Officer
Corey B. Bieber Chief Financial Officer & Senior Vice President
Stephen C. Suche Vice President-Information & Corporate Services
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