CNQ May 2024 67.500 call
| Previous close | 8.80 |
| Open | 8.80 |
| Bid | 7.00 |
| Ask | 11.30 |
| Strike | 67.50 |
| Expiry date | 2024-05-17 |
| Day's range | 8.80 - 8.80 |
| Contract range | N/A |
| Volume | |
| Open interest | 11 |
BloombergTrans Mountain Pushed to Alter Limits to Boost Oil’s Value
(Bloomberg) -- Oil companies including Chevron Corp., Canadian Natural Resources Ltd. and Suncor Energy Inc. are pressing the operators of the expanded Trans Mountain pipeline to change certain key specifications to improve the value of the crude the conduit is carrying.Most Read from BloombergApple Nears Deal With OpenAI to Put ChatGPT on iPhoneIce Cube’s Big3 Basketball League Sells Its First Team in $10 Million DealElon Musk Pledges to Grow Supercharger Business He Just DecimatedFord Cuts Bat
- Reuters
Canada pipeline squeeze set to return despite Trans Mountain start-up
As Canada's oil industry celebrates the start of the Trans Mountain pipeline expansion (TMX), some company executives and analysts are already warning that long-term production growth plans will depend on new takeaway capacity becoming available. TMX, which started commercial operations last week after years of delays, will ship an extra 590,0000 barrels per day (bpd) of oil from Alberta to the Pacific Coast. The expansion provides Canada, the world's fourth-largest oil producer, with ample pipeline space for the first time in over a decade and has helped lift benchmark heavy oil prices.
ZacksCanadian Natural's (CNQ) Q1 Earnings Fall Y/Y, Sales Beat
Canadian Natural Resources (CNQ) expects a production increase to 1,455 MBOE/d by the end of 2024, prioritizing the augmentation of thermal and oil sands mining output at 724,000-743,000 barrels per day.
