Latest news with #CanadianNaturalResourcesLtd
Winnipeg Free Press
07-08-2025
- Business
- Winnipeg Free Press
Canadian Natural Resources says Q2 profit, production increased
CALGARY – Canadian Natural Resources Ltd. says it earned a second-quarter profit of $2.46 billion, up from $1.72 billion a year ago. The company says the profit amounted to $1.17 per diluted share for the quarter ended June 30 compared with 80 cents per diluted share a year ago. On an adjusted basis, Canadian Natural says it earned 71 cents per diluted share from operations in its latest quarter compared with an adjusted profit of 88 cents per diluted share in the same quarter last year. The mean analyst estimate had been for earnings of 65 cents per share, according to LSEG Data & Analytics. Revenue was $8.7 billion in the quarter, compared with $9.1 billion a year ago. Production in the quarter averaged the equivalent of 1.42 million barrels of oil per day, up from 1.29 million boe/d in the same quarter last year. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published Aug. 7, 2025. Companies in this story: (TSX:CNQ)
Yahoo
28-07-2025
- Business
- Yahoo
Yacktman Focused Fund's Strategic Move: Compagnie de l'Odet Takes Center Stage
Exploring the Latest Investment Decisions of Yacktman Focused Fund (Trades, Portfolio) Warning! GuruFocus has detected 3 Warning Signs with XKRX:005935. Yacktman Focused Fund (Trades, Portfolio) recently submitted its N-PORT filing for the second quarter of 2025, shedding light on its strategic investment decisions during this period. Managed by Yacktman Asset Management (Trades, Portfolio), the fund is renowned for its pursuit of long-term capital appreciation, with a secondary focus on current income. As a non-diversified fund, it primarily invests in common stocks of both domestic and foreign companies, regardless of size, with a preference for those that pay dividends. The investment team is known for its objective, patient, and diligent approach, making decisions based on the intrinsic merits of individual securities rather than attempting to predict market trends. Yacktman employs a disciplined strategy, seeking growth companies at attractive valuations, effectively blending "growth" and "value" investing principles. The fund typically targets companies with strong business models, shareholder-oriented management, and low purchase prices. Summary of New Buy Yacktman Focused Fund (Trades, Portfolio) added a total of one stock to its portfolio this quarter: The most significant addition was Compagnie de l'Odet (XPAR:ODET), with 12,846 shares, accounting for 0.95% of the portfolio and a total value of 22.58 million. Key Position Reduces Yacktman Focused Fund (Trades, Portfolio) also reduced its position in 21 stocks. The most significant changes include: Reduced Canadian Natural Resources Ltd (NYSE:CNQ) by 700,000 shares, resulting in a -9.09% decrease in shares and a -0.92% impact on the portfolio. The stock traded at an average price of $30.31 during the quarter and has returned 9.41% over the past 3 months and 6.32% year-to-date. Reduced Bollore SE (XPAR:BOL) by 3,500,000 shares, resulting in a -7.87% reduction in shares and a -0.88% impact on the portfolio. The stock traded at an average price of 5.4 during the quarter and has returned 2.08% over the past 3 months and -8.92% year-to-date. Portfolio Overview As of the second quarter of 2025, Yacktman Focused Fund (Trades, Portfolio)'s portfolio comprised 40 stocks. The top holdings included 13.76% in Samsung Electronics Co Ltd (XKRX:005935), 10.86% in Bollore SE (XPAR:BOL), 9.26% in Canadian Natural Resources Ltd (NYSE:CNQ), 4.82% in Microsoft Corp (NASDAQ:MSFT), and 4.02% in Hyundai Mobis Co Ltd (XKRX:012330). The holdings are primarily concentrated in nine of the eleven industries: Communication Services, Technology, Consumer Defensive, Energy, Consumer Cyclical, Industrials, Basic Materials, Financial Services, and Healthcare. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Calgary Herald
04-06-2025
- Business
- Calgary Herald
'There's no barriers for Mother Nature': Wildfires continue to burn out of control near oilsands plants
Cooler temperatures have slowed Alberta's wildfires to the point where hundreds of oilpatch workers are beginning to return to oilsands plants, drilling rigs and remote camps that were evacuated last weekend as a large blaze temporarily forced a halt to 345,000 barrels of daily crude production. Article content However, the 62,040-hectare Caribou Lake fire burning at the southern border of the giant Athabasca oilsands deposit — which threatens about eight per cent of Alberta's daily oil output — continues to burn out of control, according to the province. Article content Article content Article content Precautionary evacuations have become the norm in an industry that has grown used to dealing with wildfires since Canadian production seems to be threatened 'on an almost clocklike annual basis,' Martin King, managing director of RBN Energy LLC, said in a recent note. Article content Article content Fire-proofing measures, such as clearing a wide swathe of the dense boreal forest surrounding drilling rigs and transmission lines and transferring fuels to sealed tanks to protect combustibles from falling ash, protect infrastructure while workers retreat to safety. Article content That's a far cry from the slapdash tactics recalled by veteran rig workers who 50 years ago might have downed tools to fight fires themselves. Article content 'I do remember, decades ago, when we'd only evacuate the rig when you actually saw flames somewhere close by,' Kevin Neveu, chief executive of Precision Drilling Corp., said. 'These days, we're evacuating when the fires are 10 or 20 kilometres away, when the risk is likely days away, not hours or minutes away.' Article content Article content Canadian Natural Resources Ltd. on Tuesday confirmed it had commenced start-up activities at its Jackfish 1 thermal plant after electing to shut-in approximately 36,500 bbl/d of production on May 31 in response to nearby forest fires. Article content Article content Production remains shut-in at Cenovus Energy Inc. 's massive Christina Lake asset, a suspension that encompasses about 238,000 bbl/d of output and began on May 29. The company said it wasn't aware of any damage to its infrastructure and that a full restart of operations was expected in the near term. Article content The wildfires have also disrupted power to the region, delaying the start-up of MEG Energy Corp.'s 70,000-barrel-per-day Christina Lake thermal project (a separate operation from Cenovus' facility of the same name), following the completion of a temporary shutdown for maintenance. Article content Wildfire-related shut-ins and evacuations disrupt the lives and livelihoods of thousands of oilpatch workers each season, including rig and oilfield service workers and camp staff, most of whom aren't salaried and go without any pay while on standby for what can be prolonged periods.
Epoch Times
08-05-2025
- Business
- Epoch Times
Canadian Natural Says It Can Break Even at US$40 Oil, Reports Record Production
Oil and gas giant Canadian Natural Resources Ltd. says it can weather a crude price much lower than where it's been trading over the past month. West Texas Intermediate, a U.S. benchmark for light oil, has been hovering around the US$60-per-barrel mark in recent weeks, about US$10 lower than it was just six months ago. But Calgary-based Canadian Natural said it can cover maintenance capital and dividends in the low- to mid-US$40-per-barrel range, though it did not provide a breakdown of how each of its business segments would be affected. Canadian Natural is one of Canada's biggest oilsands producers, and is also active in western Canadian natural gas shales and offshore in the United Kingdom and Cote d'Ivoire. The company also said Thursday that it's reducing its capital spending for the year by $100 million to $6.05 billion because of cost efficiencies it managed to find. 'Importantly, this reduction will have no impact on our planned activities or targeted production volumes for 2025,' CEO Scott Stauth told a conference call to discuss first-quarter results. Related Stories 10/7/2024 4/24/2025 Canadian Natural shares were up more than five percent to $41.84 in late-morning trading Thursday. '(Canadian Natural) delivered another quarter of operational outperformance marked by robust production across the portfolio, with beats recorded in each of the major operating segments relative to our expectations,' Desjardins Securities analyst Chris MacCulloch wrote in a research note. Production during the first three months of 2025 averaged a record 1,582,348 barrels of oil equivalent per day, up from 1,333,502 boe/d in the same quarter last year. Profit during the period was $2.46 billion, up from $987 million a year earlier. The company said the profit amounted to $1.17 per diluted share for the quarter ended March 31 compared with 46 cents per diluted share a year ago. On an adjusted basis, Canadian Natural says it earned $1.16 per diluted share from operations in its latest quarter, up from an adjusted profit of 68 cents per diluted share in the same quarter last year. Product sales totalled $12.71 billion, up from $9.42 billion a year ago, while revenue amounted to $10.94 billion, up from $8.24 billion a year earlier.
Winnipeg Free Press
08-05-2025
- Business
- Winnipeg Free Press
Canadian Natural Resources reports Q1 profit up, record quarterly average production
CALGARY – Canadian Natural Resources Ltd. earned a first-quarter profit of $2.46 billion, up from $987 million a year ago as it reported record quarterly average production. The company says the profit amounted to $1.17 per diluted share for the quarter ended March 31 compared with 46 cents per diluted share a year ago. On an adjusted basis, Canadian Natural says it earned $1.16 per diluted share from operations in its latest quarter, up from an adjusted profit of 68 cents per diluted share in the same quarter last year. Product sales totalled $12.71 billion, up from $9.42 billion a year ago, while revenue amounted to $10.94 billion, up from $8.24 billion a year earlier. Production in the quarter averaged 1,582,348 barrels of oil equivalent per day, up from 1,333,502 boe/d in the same quarter last year. The company says it produced 2.45 billion cubic feet per day of natural gas, up from 2.15 billion cubic feet per day a year earlier, while crude oil and natural gas liquids production amounted to 1,173,804 barrels per day, up from 975,668 barrels per day a year ago. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. This report by The Canadian Press was first published May 8, 2025. Companies in this story: (TSX:CNQ)
