Capital Markets | Capital Expenditure
Canadian Natural Details $7.6B Budget for 2013
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Canadian Natural Resources Limited has reported details on its 2013 budget.
In commenting on the Company's 2013 budget, John Langille, Vice-Chairman, stated, "Canadian Natural's 2013 capital budget will deliver near term production growth, enable continued development of our long life, low decline asset base and provide unallocated free cash flow. We target to generate approximately $7.6 billion of cash flow and $0.7 billion of free cash flow, further strengthening our financial position."
Steve Laut, President, continued, "Our 2013 budget reflects the strength and breadth of our assets. Our capital program is balanced in allocation to near term growth and longer term growth that will support and drive sustainable free cash flow in 2013 and beyond. We have developed the largest reserve…
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