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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 CEST

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 2017 16 722 M
EBIT 2017 2 654 M
Net income 2017 1 779 M
Debt 2017 20 312 M
Yield 2017 2,47%
P/E ratio 2017 28,68
P/E ratio 2018 18,11
EV / Sales 2017 4,03x
EV / Sales 2018 3,04x
Capitalization 47 104 M
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 52,0  CAD
Spread / Average Target 23%
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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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