14:47:05 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Canadian Natural Resources Ltd
Symbol CNQ
Shares Issued 1,094,180,003
Close 2015-05-28 C$ 38.24
Market Cap C$ 41,841,443,315
Recent Sedar Documents

Globe says Canadian Natural stance could backfire

2015-05-29 06:10 ET - In the News

The Globe and Mail reports in its Friday, May 29, edition that Canadian Natural Resources' declaration that it cannot create a detailed business plan until Alberta's new government provides more information on energy policy could backfire as the oil and gas industry tries to establish relationships with politicians and advisers in charge of rewriting regulations. The Globe's Carrie Tait and Jeff Lewis write that Alberta energy executives are scurrying to make friends with provincial Premier Rachel Notley and others in the New Democratic Party. Canadian Natural, however, rejected the gentle approach Wednesday when it cancelled its so-called investor day, arguing it cannot allocate cash until the newly elected NDP clarifies its position on royalties, taxes, environmental policies and greenhouse gases. The message -- that Canadian Natural is hamstrung because of the new government -- could damage the industry's chances of forming a co-operative relationship with Ms. Notley and her caucus, observers say. Political science professor Melanee Thomas says being derisive of democratic change "is not an effective strategy. It doesn't strike me as a savvy government relations."

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