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BRIEF-Canadian Natural Resources Q3 loss per share C$0.10

Published 2015-11-05, 05:14 a/m
© Reuters. BRIEF-Canadian Natural Resources Q3 loss per share C$0.10
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Nov 5 (Reuters) - Canadian Natural Resources Ltd CNQ.TO :
* Announces 2015 third quarter results
* Q3 loss per share C$0.10
* Q3 adjusted earnings per share C$0.10
* -q3 revenue C$3.11 billion versus C$4.71
* Forecasts 2015 production levels before royalties to average between 555,000
and 591,000 bbl/d of crude oil and ngls"
* Continue to make significant progress in reducing costs
* Disciplined approach has led to operating costs per barrel equivalent
reductions in 2015 equating to about $945 million
* Says production levels in 2016 is targeted to be between 840,000 boe/d and
850,000 boe/d
* Q3 earnings per share view c$-0.09, revenue view C$3.11 billion -- Thomson
Reuters I/B/E/S
* Currently anticipate 2016 cash flows to cover 2016 capital expenditures
between $4.5 and $5.0 billion
* Sees q4/15 production before royalties to average 562,000-588,000 bbl/d of
crude oil and ngls and 1,735-1,775 mmcf/d of natural gas
* Quarterly production volumes of North America crude oil and ngls were 264,709
bbl/d in Q3
* For 2017, horizon expansion project expenditure levels are targeted between
$1.0 billion and $1.3 billion
* To date have reduced targeted capital expenditures by approximately $3.2
billion in 2015 from the original budget
* Says expects to incur current income tax expense of $150 million to $200
million in canada
* Sets quarterly common stock cash dividend of C$0.23 per share
* Lowered its targeted 2015 capital spending program by an additional $65
million from $5,500 million to $5,435 million
* Source text for Eikon ID:

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