Canadian Natural Resources shares rise
Shares in Calgary-based Canadian Natural Resources rose Monday after the company said its fire-damaged oilsands upgrader may be able to run at half-capacity while it gets repaired.
Shares in Calgary-based Canadian Natural Resources rose Monday after the company said its fire-damaged oilsands upgrader may be able to run at half-capacity while it gets repaired.
The shares gained $1, or 2.5 per cent, to close at $41.60 on the Toronto Stock Exchange. The shares had closed down 5.5 per cent on Friday.
CNRL said it expects to get a better idea of the extent of the damage in the next few days.
An explosion and fire Thursday injured five workers. The company said the blaze broke out in the top portion of one of four coke drums in its upgrader in northern Alberta and it appears damage to at least two of the drums is "minimal."
With files from The Canadian Press