$66.93 -2.34 (-3.38%)
11/27/2009 1:02 PM

Canadian Natural Resources Ltd (USA) (CNQ)

CAPS Rating: 5 out of 5

A Canadian based senior independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NGLs, natural gas and bitumen production.

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Member Avatar starrider78 (97.46) Submitted: 5/22/2009 6:27:48 AM : Underperform Start Price: $53.27 CNQ Score: -1.89

Exploration companies are hard hit by low commidity prices. Expect this to underperform in the near term. My business partner owns exploration company, and it's rough out there.

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Member Avatar phoenixsilver (21.77) Submitted: 6/19/2007 4:53:00 PM : Underperform Start Price: $67.86 CNQ Score: -23.53

I'm from Calgary AB and although they have good management their cost overruns are going to be enormous. CNRL is continuously overbidding and over paying to secure labour and materials in the oil sands. They currently have the largest oil sands project going on, Horizon a 10 billion dollar project that can't be managed. Cost on smaller projects are being over run by 30-50%, Shell, Suncor...etc. Plus there is uncertainty politically with Oil revenue royalties and green house emission caps. Last is currency exchange, CNRL sells oil in US currency but reports in CAN, if the dollar continues to outpace the appreciation of WTI earning will be missed.

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