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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Kayaker	3/5/2009 9:46:34 PM
	of 206151

Canadian Natural Resources needs gas prices to recover Claudia Cattaneo, Financial Post Published: Thursday, March 05, 2009 CALGARY -- Canadian Natural Resources Ltd. said it needs natural gas prices to recover to the range of $6.50 to $7.50 per thousand cubic feet before it ramps up drilling in Alberta, regardless of new royalty incentives introduced by the province this week to stimulate activity. Canada's second-largest natural gas producer said it is more likely to deploy its cash -- it expects cash flow to range between $5.4-billion to $6-billion this year, down from nearly $7-billion in 2008 -- on reducing debt coming due in the fall, higher-return projects, and acquisitions.... financialpost.com

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