Canadian Natural Resources traded at 62.26 this Wednesday May 6th, decreasing 3.00 or 4.60 percent since the previous trading session. Looking back, over the last four weeks, Canadian Natural Resources lost 8.75 percent. Over the last 12 months, its price rose by 56.35 percent. Looking ahead, we forecast Canadian Natural Resources to be priced at 62.58 by the end of this quarter and at 58.82 in one year, according to Trading Economics global macro models projections and analysts expectations.
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company's exploration and production operations are focused in North America, mainly in Western Canada; the United Kingdom (UK) portion of the North Sea; and Cote d'Ivoire and South Africa in Offshore Africa. The Company’s exploration and production activities are conducted in three geographic segments: North America, North Sea and Offshore Africa. The Oil Sands Mining and Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands and through its direct and indirect interest in Athabasca Oil Sands Project. Within Western Canada, in the Midstream and Refining segment, the Company's activities include pipeline operations, an electricity co-generation system and an investment in the North West Redwater Partnership, a general partnership formed to upgrade and refine bitumen in the Province of Alberta.