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Canadian Natural Resources to cut capital spending again after quarterly loss

2015-05-07 14:06:34| Energy - Topix.net

Canadian Natural Resources Ltd. says it recorded a net loss of $252 million in the first quarter of the year, or 23 cents per share, as the recent plunge in crude oil prices continues to impact its bottom line. The company says it has increased production and cut costs in response to the lower prices and will trim this year's capital spending by another $300 million across all segments, to approximately $5.7 billion.

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Pioneer Natural Resources loses $5M as low oil prices, winter weather take a toll

2015-05-06 02:43:00| Oil & Gas - Topix.net

Pioneer Natural Resources posted a net income loss of $5 million in the first quarter as low oil prices and severe winter weather hampered production in the Permian Basin, according to earnings released Tuesday afternoon. The company's net income loss is down 102 percent from the first quarter of 2014 when Pioneer earned a cool $184 million.

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Range Resources CEO is bullish on natural gas prices

2015-04-29 19:33:15| Oil & Gas - Topix.net

Range Resources Corp. saw its first-quarter profits fall on account of lower natural gas prices. But CEO Jeffrey Ventura said the situation won't persist: He's looking for a price recovery to begin later this year and on into 2016.

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Canadian Natural Resources Limited insider Ri 1 2Al Michel Cusson Sells 1,300 Shares

2015-04-05 09:13:41| Apparel - Topix.net

Canadian Natural Resources Limited insider Ri 1 2Al Michel Cusson sold 1,300 shares of the company's stock on the open market in a transaction dated Thursday, April 2nd. The stock was sold at an average price of C$39.60, for a total value of C$51,480.00.

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Canadian Natural Resources slapped with $125,000 penalty for 2010 oil spill

2015-03-18 01:14:51| Energy - Topix.net

Canadian Natural Resources Ltd. is facing $125,000 in penalties nearly five years after an oil spill in northwestern Alberta. The sentence was handed down in provincial court last Friday after the company pleaded guilty to an offence under the Fisheries Act.

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