Canadian Natural Resource Ltd (NYSE: CNQ) climbs high as profits grow

Canadian Natural Resources quarterly profit rose to $ 658 million

In brief: Canadian Natural Resource Ltd (NYSE: CNQ) shares continue to climb higher on the background of bovine positive.

Canadian Natural Resource Ltd (NYSE: CNQ) shares climbed 36.02 points to the mark, gaining +0.27 (0.76%) during the U.S. stock trades yesterday. Bulls are ready for the new attacks.

Profit for the second market capitalization oil producer in Canada, Canadian Natural Resources rose in the second quarter thanks to a record level of production of crude oil and natural gas. Thus, net profit was C $ 667 million ($ 658 million) compared with C $ 162 million a year earlier. Earnings per share excluding certain items was 63 cents, or 8 cents exceeded the average expectations of analysts.

Igor Tringlers
2010-08-06 12:10, Economics.

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