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BRIEF-Canadian Natural Resources Reports Q4 Shr Loss Of $0.64

Published 2019-03-07, 05:33 a/m
© Reuters.  BRIEF-Canadian Natural Resources Reports Q4 Shr Loss Of $0.64
CNQ
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March 7 (Reuters) - Canadian Natural Resources Ltd CNQ.TO :

* CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES 2018 FOURTH QUARTER AND YEAR END RESULTS

* QTRLY LOSS PER SHARE $0.64

* ANNUAL PRODUCTION OF APPROXIMATELY 1,079,000 BOE/D

* QTRLY ADJUSTED LOSS PER SHARE $0.21

* CANADIAN NATURAL RESOURCES SAYS "STRONGLY SUPPORTS" GOVERNMENT OF ALBERTA'S MANDATORY PRODUCTION CURTAILMENT PROGRAM ANNOUNCED IN LATE 2018

* CANADIAN NATURAL RESOURCES - ANNUAL CORPORATE CRUDE OIL AND NGLS PRODUCTION REACHED A RECORD 820,778 BBL/D, AN INCREASE OF 20% OVER 2017 LEVELS

* WILL CONTINUE TO EVALUATE PROGRESS ON EXPORT PIPELINES BEFORE ENACTING INCREASES, IF ANY, TO BASE 2019 CAPITAL BUDGET

* CANADIAN NATURAL - 2019 CORPORATE NATURAL GAS ANNUAL PRODUCTION GUIDANCE REMAINS UNCHANGED AND IS TARGETED TO RANGE BETWEEN 1,485 MMCF/D - 1,545 MMCF/D

* CANADIAN NATURAL RESOURCES - CO'S 2019 INTERNATIONAL ANNUAL PRODUCTION GUIDANCE REMAINS UNCHANGED AND IS TARGETED TO RANGE FROM 42,000 BBL/D - 46,000 BBL/D

* CANADIAN NATURAL RESOURCES - PRODUCTION VOLUMES IN Q4/18 AVERAGED 1,081,368 BOE/D, A 2% INCREASE OVER Q3/18 LEVELS AND A 6% INCREASE OVER Q4/17 LEVELS

* CANADIAN NATURAL'S ANNUAL 2019 CAPITAL EXPENDITURES ARE TARGETED TO BE APPROXIMATELY $3.7 BILLION

* SEES ANNUAL 2019 PRODUCTION LEVELS TO AVERAGE BETWEEN 782,000 AND 861,000 BBL/D OF CRUDE OIL AND NGLS

* CANADIAN NATURAL RESOURCES - TARGETS ANNUAL 2019 PRODUCTION LEVELS TO AVERAGE BETWEEN 1,485 AND 1,545 MMCF/D OF NATURAL GAS, BEFORE ROYALTIES

* CANADIAN NATURAL RESOURCES SEES Q1/19 PRODUCTION GUIDANCE BEFORE ROYALTIES IS TARGETED TO AVERAGE BETWEEN 759,000 & 817,000 BBL/D OF CRUDE OIL & NGLS

* Q1 PRODUCTION GUIDANCE BEFORE ROYALTIES IS TARGETED TO AVERAGE BETWEEN 1,490 AND 1,520 MMCF/D OF NATURAL GAS

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