Canadian Natural Resources Ltd., Canada’s largest independent petroleum producer, on March 2 reported a quarterly profit that blew past analysts’ expectations, driven by higher realized prices from North America and low costs.The company said strong production and record low operating costs was driving its cash flow, which is targeted to exceed capex by about CA$230 million (US$172 million) per month. The company raised its quarterly dividend by 10%In a later conference call, company executives predicted possible “opportunistic acquisitions,” but did not name them, saying it will buy only ones that “fit” and “add value.”
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