| Business Summary | | Canadian
Natural
Resources
Limited
(CNRL)
is
a
senior
oil
and
natural
gas
exploration,
development
and
production
company
based
in
Calgary,
Alberta.
The
Company's
operations
are
focused
in
Western
Canada
and
in
the
North
Sea
and
offshore
West
Africa
with
its
wholly
owned
subsidiary,
Ranger
Oil
Limited.
CNRL
produces
heavy
oil
using
two
production
recovery
mechanisms,
primary
(cold)
production
and
thermal
(hot)
production.
The
Company's
assets
are
similarly
distinguished
by
characteristics
where
these
two
types
of
production
recovery
mechanisms
provide
effective
recovery
of
hydrocarbons
and
the
optimum
economic
returns.
In
1999,
the
Company
completed
the
acquisition
of
BP
Amoco's
remaining
Canadian
properties.
With
the
BP
Amoco
acquisition,
CNRL
now
owns
one
of
the
largest
bases
of
oil
and
natural
gas
in
Canada.
The
two
most
significant
properties
acquired
are
at
Bonnyville
and
Pelican
Lake. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Canadian
Natural
Resources
Limited
is
a
senior
oil
and
natural
gas
exploration,
development
and
production
company.
For
the
six
months
ended
6/30/01,
net
revenues
rose
67%
to
C$1.70
billion.
Net
income
applicable
to
Common
increased
62%
to
C$513.9
million.
Revenues
reflect
increased
daily
production
and
higher
prices
for
natural
gas.
Net
income
was
partially
offset
by
increased
international
production
and
depletion,
depreciation
and
amortization
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Allan Markin | Chairman | John Langille | Pres,
Director | Brian Illing | Sr.
VP, Exploration | Steve Laut | Sr.
VP, Operations | Gregory Adams | VP-Fin. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|