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Canadian Natural reports 28B Q2 profit up from 982M a year ago

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Companies in this story: (TSX:CNQ)The Canadian Press CALGARY — Canadian Natural Resources Ltd. second-quarter profit climbed to beat analyst estimates as higher crude prices helped to offset lower production volumes.The Calgary-based oil company says net earnings in its second quarter grew to $2.8 billion, or $2.36 per diluted share, up sharply from $982 million or 80 cents during the same quarter last year.On an adjusted basis, its quarterly earnings for the three-month period ended June 30 amounted to $1.04 billion or 87 cents per diluted share, down from $1.28 billion or $1.04 a year earlier.Analysts on average had expected a profit of 85 cents per diluted share and net income of $1.049 billion, according to the financial markets data firm Refinitiv.Daily production averaged 1,025,800 barrels of oil equivalent, down from 1,050,376 in the second quarter of 2018.The higher oil price was partially offset by lower oil production volumes in the oilsands mining and upgrading segment.The Alberta government mandated oil production curtailments that started in January, lowering production volumes and strengthening heavy oil prices. read more

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Woman remanded on attempted murder charge granted bail after appealing

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Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedCourt to proceed with illegal firearm case against Maryann DabyAugust 1, 2019In “Court”Woman charged for alleged attempt to kill Cop further remandedMay 23, 2018In “Court”Woman charged with attempted murder of CopMay 15, 2018In “Court” Maryann Daby, 25, who was charged with the attempted murder of a police officer and further remanded, was on Friday last (May 25) granted bail in the sum of $750,000 when she appealed her case for bail, at the Demerara High Court.Accused: Maryann DabyDaby was  further remanded to prison when she appeared at the Georgetown Magistrates’ Court on May 23, 2018.On May 13, 2018, Daby was allegedly firing shots in the air while partying at a racing club when she was approached by Christopher Kissoon, an off duty Officer, who commanded her to stop.However, according to the Prosecution, the irritated young woman took the said pistol and pointed it to the officer’s head and pulled the trigger. The rank’s life was spared after the gun jammed and failed to discharge.It was also revealed that Daby’s firearm licence had expired.In the last Magistrate Courts’ case, Attorney for the accused, Mark Waldron made a lengthy bail application for his client, arguing that the possession of firearm and ammunition charge, while being unlicenced for same brought against her, should be dismissed since she is licenced.The said licence provided to the Court has expired, however Waldron noted that Daby is still within the stipulated period to have same renewed.He further brought to the Court’s attention the outstanding ballistic report which he noted will take time to be provided by the Prosecution.However, the Police Prosecutor maintained the Prosecution’s objections as a result of the seriousness of the offence.Bail was denied by the Chief Magistrate, Ann McLennan, but after the bail appeal was brought before Justice Sandil Kissoon at the High Court, Daby was granted $250,000 bail on each of the three charges she is currently facing.She is expected to return to court on May 30, 2018. read more

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