Canadian Natural Resources And Natural Gas

1593 WordsNov 29, 20157 Pages
The world’s largest independent corporation for its production of crude oil and natural gas are to be known as the Canadian Natural Resources. It is an Energy Company that is situated in Calgary, Alberta. From the early 1980s, this company has developed from less than a 10 employees and a market capitalization of $1 billion to one employing 3700 employees with a market capitalization of $30 billion ranking number 251 on Forbes list in 2010. The emergence of rapid growth has come due to attainments and organic growths. Canadian Natural Resources (CNQ) is a large company that is operated across Western Canada, offshore West Africa and North Sea. This Energy Company deals with exploring many resources such as: mining, natural gas, oil Sands, production of crude oil and other related markets in the US, Canada and Europe. The biggest production offering nearly half of its all products is the natural gas. From the Western Canada’s output of natural gas, approximately, 10% are produced by Canadian Natural Resources. CNQ is also known to be the second largest underdeveloped land base that represents second largest portfolio in the Western Canadian Sedimentary Basin. Because of its strong market position, it makes the company’s ability to exploit economies of scale and evade threats in its examination and growth undertakings that are the largest single disbursement component in the energy sector. However, increasing prices and hefty ecological regulations massively impact on its

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