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Canadian Natural Resources Ltd

Company Summary

Description

Canadian Natural is one of the largest independent crude oil and natural gas producers in the world. The company has an effective and efficient, diversified combination of assets in North America, the North Sea and Offshore Africa, which enables them to generate significant value, even in challenging economic environments.

Website

http://www.cnrl.com/about-cnq/corporate-profile.ht...

Operational Regions

  • Western Canadian Sedimentary Basin
  • Saskatchewan
  • Athabasca Oil Sands
  • Fort McMurray Region
  • North Sea
  • Africa

Financial Data:

NYSE:CNQ from Google Finance

Tickers:

  • CNQ - New York Stock Exchange
  • CNQ - Toronto Stock Exchange

Related Entities

Recent news

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Investor Presentations

  • 1Q20 Earnings Presentation
  • October 2019 Presentation (subscriber access)
  • July 2019 Investor Presentation (subscriber access)
  • Investor Presentation - October 2016 (subscriber access)
  • June 2016 Investor Presentation (subscriber access)
  • Full Year Guidance - May 2016 (subscriber access)
  • Canadian Natural Resources - 2015 Annual Report (subscriber access)

Company Transactions

Date: 12/31/2021
Type: Acquisition

BUYERS:
  • Canadian Natural Resources Ltd
    • SELLERS:
  • Storm Resources Ltd
    • DETAILS:

    COST: 960 $MM

    VOLUMES: 27 MBOE/d

    NOTES:
    Canadian Natural Resources has agreed to purchase Storm Resources for a cash consideration of $6.28/share. The deal implied a Storm enterprise value of $960 million, and closing is planned for December 2021.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 7/7/2021
    Type: Acquisition

    BUYERS:
  • North West Redwater Partnership
    • SELLERS:
  • Canadian Natural Resources Ltd
  • North West Upgrading
    • ASSETS:
  • Sturgeon Refinery
    • DETAILS:

    COST: 825 $MM

    NOTES:
    The Alberta Government is acquiring a 50% equity stake in the Sturgeon Refinery while also extending the processing agreement at the facility by another decade to 2058. The refinery is currently owned by North West Redwater Partnership, a JV between Canadian Natural Resources and North West Refining. North West Redwater will be paying North West Refining $425 million and Canadian Natural $400 million for the equity stake.
    REGIONS:
  • Canada

    • Date: 10/6/2020
    Type: Acquisition

    BUYERS:
  • Canadian Natural Resources Ltd
    • SELLERS:
  • Painted Pony Energy Ltd.
    • DETAILS:

    COST: 461 $MM

    VOLUMES: 298 Mmcfe/d

    NOTES:
    Canadian Natural Resources has entered into a deal to acquire Painted Pony Resources for a cash consideration of $0.69/share while also assuming $350 million in debt. The share price represents a 30% premium to their share price and will total $111 million in cash, bringing the deal price to $461 million including debt.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 1/1/2019
    Type: Acquisition

    BUYERS:
  • Canadian Natural Resources Ltd
    • SELLERS:
  • Devon Energy Corporation
    • DETAILS:

    COST: 2.8 $B

    VOLUMES: 128.3 M Bbls/d

    ACRES: 1500000 Acres

    NOTES:
    Canadian Natural Resources entered into an agreement to acquire substantially all of the Canadian assets of Devon for C$3.775 billion ($2.8 billion) , containing an effective date of January 1, 2019, and a targeted closing date of June 27, 2019.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 9/30/2018
    Type: Acquisition

    BUYERS:
  • Canadian Natural Resources Ltd
    • SELLERS:
  • Suncor Energy Inc.
    • DETAILS:

    COST: 83 $MM

    VOLUMES: 36.75 Percent

    NOTES:
    Suncor closed on their agreement to sell its 36.75% interest in the Joslyn Oil Sands mining project for total proceeds of $83 million at the end of 3Q18.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 9/24/2018
    Type: Acquisition

    BUYERS:
  • Canadian Natural Resources Ltd
    • SELLERS:
  • Laricina Energy Ltd.
    • DETAILS:

    COST: 46.35 $MM

    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 8/31/2018
    Type: Acquisition

    BUYERS:
  • Canadian Natural Resources Ltd
    • SELLERS:
  • Total E&P Canada
    • PROJECTS:
  • Joslyn Oil Sands
    • DETAILS:

    COST: 250 $MM

    VOLUMES: 160 M Bbls/d

    REGIONS:
  • Athabasca Oil Sands

    • Date: 5/9/2018
    Type: Acquisition

    SELLERS:
  • Shell Gas BV
  • Shell plc.
  • Canadian Natural Resources Ltd
    • DETAILS:

    COST: 3.3 $B

    NOTES:
    Royal Dutch Shell has entered into a deal to sell its 97.56 million share stake in Canadian Natural Resources which will consist of pre-tax proceeds of $3.3 billion.
    REGIONS:
  • Canada
  • International

    • Date: 9/30/2017
    Type: Acquisition

    BUYERS:
  • Canadian Natural Resources Ltd
    • SELLERS:
  • Cenovus Energy Inc.
    • DETAILS:

    COST: 975 $MM

    VOLUMES: 19.6 MBOE/d

    REGIONS:
  • Pelican Lake Heavy Oil Field

    • Date: 5/31/2017
    Type: Acquisition

    BUYERS:
  • Canadian Natural Resources Ltd
  • Shell plc.
    • SELLERS:
  • Marathon Oil Corporation
  • Marathon Oil Canada Corporation
    • ASSETS:
  • Athabasca Oil Sands Project
    • DETAILS:

    COST: 2.5 $B

    VOLUMES: 48 MBOE/d

    REGIONS:
  • Athabasca Oil Sands

    • Date: 5/31/2017
    Type: Acquisition

    BUYERS:
  • Canadian Natural Resources Ltd
    • SELLERS:
  • Shell Canada Limited
  • Shell plc.
    • ASSETS:
  • Athabasca Oil Sands Project
  • Jackpine Mine
  • Muskeg River Mine
  • Scotford Manufacturing Center
  • Quest Carbon Capture and Storage (CCS)
  • Shell Peace River Thermal Complex
  • Cliffdale Heavy Oil Field
  • Pierre River Oil Sands Lease
  • Namur Oil Sands Lease
  • Birchwood Oil Sands Lease
  • Ells River Oil Sands Lease
    • PROJECTS:
  • Jackpine Mine Expansion
  • Saleski Oil Sands Project
    • DETAILS:

    COST: 8.2 $B

    VOLUMES: 414 MBOE/d

    REGIONS:
  • Athabasca Oil Sands
  • Canada