Cogito

Canadian Natural Resources Q4 Revenue Estimate

Posted in Uncategorized by qmarks on January 28, 2011

On Bloomberg, 7 analysts had submitted their revenue for Q4-2010. Using the corporate guidance posted on their investor relations page

 

I used a sensitivity analysis table by using the March-11 contract tables for Natural Gas and Crude Oil prices, 89 USD/bbl for crude, and 4.32 USD/MMBtu. Using the most conservative estimates I forecast CNQ’s Q4 revenue as low as 3.806 and as high as 4,003 Billion USD. Assuming CAD/USD exchange rate as 1.0113 the Revenue in CAD was 3.763 and 3,958 Billion CAD.

Let’s see how close I was on 4 March 2011.

 

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