Topic: How To Invest

Pat: Can I have your advice on Canadian Natural Resources? Thanks for your advice

Article Excerpt

Canadian Natural Resources Ltd., $37.23, symbol CNQ on Toronto (Shares outstanding: 1.1 billion; Market cap: $41.0 billion; www.cnrl.com), operates in western Canada (including its 100%-owned Horizon Oil Sands Project), the North Sea and off the coast of West Africa. The company’s product mix is about 85% oil and 15% natural gas. Canadian Natural gets about 84% of its production from its conventional North American oil-and-gas properties, which are located in B.C., Alberta and Saskatchewan. The company also has heavy oil operations in Alberta’s Athabasca region, at Pelican Lake, Primrose North, Primrose South and Primrose East. The company started up its Horizon Oil Sands Project in 2009. In January 2011, a fire in a processing unit forced Canadian Natural to halt production at Horizon. Production resumed on August 16, 2011. In the three months ended September 30, 2011, Horizon produced 50,354 barrels of oil per day, or 8% of the company’s total daily production of 612,575 barrels (including natural gas). Canadian Natural’s North Sea operations…