Introduction to Business Team Project: Canadian Natural Resources Limited
Introduction to Business Team Project:
Canadian Natural Resources Limited
Course Number: 04-75-100
Course Title: Introduction to Business
Professor’s Name: Mr. Tony Mao
Student’s Names: Daniel Pineau-103696836, Kate Stasiak-103137566,
Quinton Rossini-103137500,
Rajpal Sohi-103657079,
Matthew Reid-103177436
Date Submitted: Wednesday, November 30, 2011
Executive Summary Canadian Natural Resources Limited, incorporated on November 7, 1973, is an "independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NGLs, and natural gas production"(Canadian Natural Resource Limited: TSE:CNQ quotes and news, n.d.). The company is environmentally conscious, very charitable (with projects such as funding the refurbishment and renovation of schools in Africa), is very safety conscious (with an ever-decreasing number of accidents with its employees) and at the same time is very profitable. CNRL had a net income of 688.41 million in 2001 which grew to 1.60 billion by 2010, and from this data, it can be gathered that the net income will only continue to rise and Canadian Natural Resources will continue to strive. The company maintains many projects which provide a stable financial situation for the company. At the same time, CNRL is not content to flat-line as it is aggressively searching out new projects as well as expanding to other continents. Despite all this, they are very financially inconsistent (but always profitable) and thus, very hard to accurately create a 5 Year Projection Plan for the company. Because of the many different projects and its willingness to try different avenues, CNRL will most likely stay a growing financially profitable company. After the large, expected profits over the next 7-10 years, CNRL will have the financial flexibility to begin to explore other energy efficient resources such as solar energy. By owning 100% of their facilities and having short-term,
Canadian Natural Resources Limited
Course Number: 04-75-100
Course Title: Introduction to Business
Professor’s Name: Mr. Tony Mao
Student’s Names: Daniel Pineau-103696836, Kate Stasiak-103137566,
Quinton Rossini-103137500,
Rajpal Sohi-103657079,
Matthew Reid-103177436
Date Submitted: Wednesday, November 30, 2011
Executive Summary Canadian Natural Resources Limited, incorporated on November 7, 1973, is an "independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NGLs, and natural gas production"(Canadian Natural Resource Limited: TSE:CNQ quotes and news, n.d.). The company is environmentally conscious, very charitable (with projects such as funding the refurbishment and renovation of schools in Africa), is very safety conscious (with an ever-decreasing number of accidents with its employees) and at the same time is very profitable. CNRL had a net income of 688.41 million in 2001 which grew to 1.60 billion by 2010, and from this data, it can be gathered that the net income will only continue to rise and Canadian Natural Resources will continue to strive. The company maintains many projects which provide a stable financial situation for the company. At the same time, CNRL is not content to flat-line as it is aggressively searching out new projects as well as expanding to other continents. Despite all this, they are very financially inconsistent (but always profitable) and thus, very hard to accurately create a 5 Year Projection Plan for the company. Because of the many different projects and its willingness to try different avenues, CNRL will most likely stay a growing financially profitable company. After the large, expected profits over the next 7-10 years, CNRL will have the financial flexibility to begin to explore other energy efficient resources such as solar energy. By owning 100% of their facilities and having short-term,
References: Esso Imperial Oil. (2011). About Imperial Oil. Retrieved November 24, 2011 from http://www.imperialoil.ca/Canada-English/about_what_technology.aspx General Motors Fuel Cell Google Finance. (2011). Google Finance: Canadian Natural Resources Limited. Retrieved November 23, 2011 from http://www.google.ca/finance?cid=675223# Peak Oil Profile: Canadian Natural Resources Ltd (CNQ.TO) Company Profile. In Canadian Natural Resources Ltd (CNQ.TO). Retrieved November 25th, 2011, from http://www.reuters.com/finance/stocks/companyProfile?symbol=CNQ.TO. Reuters,Thomson (2011). CNQ: 32.64-0.67-2.01%. In Canadian Natural Resources Ltd.. Retrieved November 25th, 2011, from http://investing.money.msn.com/investments/financial-statements?symbol=CNQ. Yahoo Finance. (2011). Yahoo Finance: Canadian Natural Resources Limited; Analyst Estimates. Retrieved November 23, 2011 from http://ca.finance.yahoo.com/q/ae?s=CNQ.TO Zabek, Robin.et (Thursday, Mar. 03, 2011). http://www.theglobeandmail.com In CNRL targets natural gas acquisitions. Retrieved November 23rd, 2011, from http://www.theglobeandmail.com/globe-investor/cnrl-targets-natural-gas-acquisitions/article1928037/ Technology Nickels, McHugh et al (2007). Understanding Canadian Business. 6th ed. USA: McGraw-Hill Ryerson Limited. (2011, November)CANADIAN NATURAL. Retrieved November 28, 2011, from www.cnrl.com/upload/media_element/4 Appendix A