May 7 (Reuters) - Canadian Natural Resources Ltd CNQ.TO :
* CANADIAN NATURAL RESOURCES CEO SAYS ABOUT 1 MILLION BARRELS PER DAY OF PRODUCTION OFFLINE IN WESTERN CANADA
* CANADIAN NATURAL CEO SAYS COMPANY HAS CURTAILED ABOUT 120,000 BPD FOR MAY
* CANADIAN NATURAL CEO SAYS VALUATION GAP TOO WIDE FOR M&A IN CURRENT MARKET, NO GAPS IN PORTFOLIO