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30 Pages

Canadian Natural Resources corporate - reported results analysis


Canadian Natural Resources corporate - reported results analysis

Report summary

CNRL's Q4 2016 results were positive. As the company comes out of a capital intensive phase - part of a corporate strategy to reposition towards long life, low decline assets - and production ramps up, operating cash flow will increase rapidly.

The question for CNRL is: how to allocate this capital to meet their 'four pillars of cash flow allocation' and maximise shareholder value? This has begun, with the announcement of a new dividend increase, a share buy back programme, and servicing debt.

The outlook for 2017 is positive with the capital budget increasing, although CNRL maintains the flexibility to scale back should prices fall again. CNRL is targeting a 7% production CAGR over the next three years.


What's included?

This report includes 1 file(s)

  • Canadian Natural Resources corporate - reported results analysis PDF - 421.32 KB 30 Pages, 0 Tables, 4 Figures

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 Reported Results Analysis report provides rapid response analysis on company quarterly results and strategy presentations. Use it to gain the upper hand with Wood Mackenzie's opinion on the latest corporate developments.

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.

  • Q2 2017
    • Key takeaways
    • Overview
  • Q1 2017
    • Key takeaways
    • Overview
  • Q4 2016
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q3 2016
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q2 2016
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q1 2016
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q4 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
  • Q3 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q2 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q1 2015
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q4 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
  • Q3 2014
    • Overview
    • Strategy / Investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q2 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
  • 2014 Investor Open House
    • Overview
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
  • Q1 2014
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration
  • Q4 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • M&A
    • Financial performance
    • Exploration
  • Q3 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • M&A
    • Financial performance
    • Exploration
  • Q2 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • Exploration
  • Q1 2013
    • Overview
    • Strategy / investment
    • Operational performance
    • Financial performance
    • M&A
    • Exploration

In this report there are 4 tables or charts, including:

  • Q2 2017
    • CNRL: evolution of quarterly net income
    • CNRL: evolution of quarterly production
  • Q1 2017
    • CNRL: evolution of quarterly net income
    • CNRL: evolution of quarterly production
  • Q4 2016
  • Q3 2016
  • Q2 2016
  • Q1 2016
  • Q4 2015
  • Q3 2015
  • Q2 2015
  • Q1 2015
  • Q4 2014
  • Q3 2014
  • Q2 2014
  • 2014 Investor Open House
  • Q1 2014
  • Q4 2013
  • Q3 2013
  • Q2 2013
  • Q1 2013
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