When CNRL first announced its spending plans, the company said it was budgeting based on the assumption that West Texas Intermediate oil prices would average US$81 per barrel and that the company's 2015 cash flows would be $9.4 billion for 2015.
Canadian Natural Resources Ltd. was downgraded to neutral from buy at Citi Research as the firm's commodities team cut its oil price outlook following the recent Organization of the Petroleum Exporting Countries meeting.
Canadian Natural Resources Limited logo Shares of Canadian Natural Resources Limited (TSE:CNQ) have been given an average rating of �Buy� by the eleven analysts that are covering the stock, StockRatingsNetwork.
Canadian Natural Resources Limited logo Shares of Canadian Natural Resources Limited (TSE:CNQ) have been given an average rating of �Buy� by the thirteen ratings firms that are currently covering the stock, StockRatingsNetwork reports.
We look at Canadian Natural Resources Limited (NYSE:CNQ) a company in the Independent Oil & Gas industry being focused on by many investors, to assess if it provides value for investors considering buying or selling it.
Canadian Natural Resource Ltd (USA) (NYSE:CNQ) has dropped 5.56% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 2.09% in the last 4 weeks.