Canadian Natural Resources Ltd. reported a second-quarter loss, and even though the company is feeling the impact of low oil prices, it's blaming the loss on the corporate tax increase imposed by Alberta's newly elected NDP government.
The bloodbath continues in the oil patch, and investors can be forgiven for steering clear of the entire sector. For those who have a contrarian approach, the sell-off is starting to serve up some interesting deals.
CALGARY - The top executive at one of Canada's largest oil and gas producers, Canadian Natural Resources Ltd., expressed measured support for a carbon pricing system in Alberta, as long as the program is used to fund new technology.
Uncertainty over the new Alberta NDP government's energy and environment agenda started to hit home Wednesday, when Canadian Natural Resources Ltd. said it would postpone meetings with investors because it cannot finalize its spending plans.
CALGARY - Canadian Natural Resources Ltd. continued in its quest to cut and save in the face of collapsed oil prices, announcing Thursday further spending cuts, the possibility of spinning off its Alberta royalty lands, and that its own management will ...