Canadian Natural says considering monetizing royalty income from freehold lands Canadian Natural (CNQ) says looking at possibility of monetizing royalty income from freehold lands, says possibilities for monetizing royalties include direct sale or forming a separate company. Says royalty income stream from its properties and those acquired from Devon Energy (DVN) will be around C$140M-C$150M this year. Comments made on the Q1 earnings conference call.
Canadian Natural downgraded to Neutral from Overweight at JPMorgan JPMorgan downgraded Canadian Natural to Neutral to reflect the choppy near-term environment. The firm said balance sheet pressures are building in 2016 at a time when the company's hedges are rolling off and production could decline.