Company report
| |
11 Pages

Canadian Natural Resources corporate report


Canadian Natural Resources corporate report

Report summary

Canadian Natural Resources' (CNRL) response to lower oil prices has reinforced the company's long-term priorities: growing oil sands production and the dividend. These core strengths, which we believe CNRL is well-positioned to deliver, support a peer-group-leading market-premium rating.

What's included?

This report includes 4 file(s)

  • Canadian Natural Resources corporate report PDF - 341.43 KB 11 Pages, 6 Tables, 14 Figures
  • CNRL Summary Slidepack Jan 2014.pdf PDF - 1.15 MB
  • CNRL Report January 2014.xls XLS - 2.58 MB
  • CNRL Interim Report.xls XLS - 499.00 KB

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
  • Strategy
    • Strategic positioning as oil prices collapsed
    • Strategic action to date
    • Impact on the financial outlook
    • Impact on key performance metrics
    • Options to release additional capital
    • Other strategic options
  • Reserves and resources
    • Organic reserves replacement: near-term impacted by legacy strategy
      • Segmented forecast of reserves booking potential (working interest basis)
    • Key upsides to base-case estimates
    • Key risks to base-case estimates
  • Economic assumptions
    • Wood Mackenzie Corporate Service: our response to low oil prices
    • Economic assumptions

In this report there are 20 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Strategy
    • Relative share price performance
    • Market premium / discount to WoodMac NPV,10
    • Spend: historic and 2015 guidance
    • Projected annual cash flow breakeven (Brent)
    • Projected year-end net debt
    • Projected upstream cash flow
    • Total production: Wood Mackenzie projected
    • Remaining NPV,10
  • Reserves and resources
    • Reserves and resources: Image 1
    • CNRL unbooked reserves distribution
    • Benchmarking: WM total resource life
    • Reserves and resources: Image 4
  • Economic assumptions
    • Base price assumptions (nominal terms)
    • Base price assumptions (nominal terms)
    • Base, high and low Brent (nominal terms)
    • High price assumptions
    • Low price assumptions
    • Valuation assumptions
    • Foreign exchange rate assumptions
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.