Q4 earnings caps a wild quarter
By Richard Rostad, analyst, Oil & Gas 360

Two major Canadian oil sands producers, Canadian Natural Resources (ticker: CNQ) and Meg Energy (ticker: MEG) held conference calls late this week, providing a glimpse of the thoughts of two of the largest producers in the country.

As might be expected, both companies experienced wild quarters in Q4 2018. As Steve Laut with CNQ put it, “The Canadian oil market was very rocky in the fourth quarter with dysfunctional marketplace dynamics driving historically high differentials for both heavy and light oil in Canada.” MEG President and CEO Derek Evans echoed these thoughts, saying “I’m sure it's no surprise to anyone who follows this industry closely that the ...

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