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Stocks in play: Canadian Natural Resources

Baystreet.ca
·1 min read

Claimed its budget is disciplined, targeted at approximately $5.2 billion, consisting of approximately $4.2 billion in base capital and approximately $1.0 billion in strategic growth capital. Said CEO Tim McKay, “In 2023, we target to deliver strong year over year production growth of approximately 56,000 BOE/d, or 4%, over 2022 targeted levels, based on the midpoint of our 2023 production guidance range of approximately 1,330,000 BOE/d to 1,374,000 BOE/d. Our strategic growth capital targets to deliver additional production and capacity growth in years after 2023.” Canadian Natural Resources shares T.CNQ are trading up $1.66 at $82.37.

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