Canadian Natural Resources Lim (CNQ)

Canadian Natural Resources Limited engages in the exploration, development, and production of crude oil and natural gas. The company also engages in the midstream activities, which include its pipeline operations and an electricity co-generation system. Its conventional crude oil and natural gas operations are focused primarily in western Canada, the United Kingdom portion of the North Sea, and offshore West Africa. The company holds interests in the Horizon Oil Sands project located in the north of Fort McMurray for producing synthetic crude oil through bitumen mining and upgrading operations. Canadian Natural Resources Limited was founded in 1973 and is headquartered in Calgary, Canada.

For the nine months ended 30 September 2006, Canadian Natural Resources Limited's revenues increased 15% to C$7.02B. Net income totaled C$2.21B vs. a loss of C$54M. Revenues reflect an increase in sales from North America and Offshore West Africa. Net income also reflects decreased accretion of asset retirement obligation, the presence of stock based compensation expenses recovery and lower risk management activities cost.