Canadian Natural Resources Announces 2017 Capex Budget

SUGAR LAND--December 16, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Canadian Natural Resources (NYSE:CNQ) (Calgary, Alberta) on Thursday announced a 2017 capital expenditure budget of C$3.9 billion (US$2.91 billion), which is nearly flat with this year's expenditures. The company says it expects to bring its Phase 3 expansion of the Horizon Oil Sands mine in Alberta online in the fourth quarter of 2017. Industrial Info is tracking more than US$16.6 billion of active projects involving Canadian Natural Resources.