Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Friday, March 06, 2015

What Oil Slump? Canadian Natural Resources Triples Profit, Ramps Up Production

CALGARY - Canadian Natural Resources Ltd. (TSX:CNQ) almost tripled its profit in the fourth quarter and said it was raising its dividend as the oil and natural gas producer ramped up production in the face of falling oil prices.

The Calgary company said net income in the three months ended Dec. 31 soared to just under $1.2 billion or $1.09 per diluted share from $413 million or 38 cents in the same 2013 quarter.

Adjusted net earnings from operations were $756 million or 69 cents per share, up from $563 million or 52 cents.

As a result, the company said it would raise its quarterly dividend by half a cent to 23 cents per share

Canadian Natural said daily production before royalties rose to 860,920 barrels of oil equivalent per day from 677,242 in the final quarter of 2013.

For the full year, the company reported net earnings of $3.93 billion or $3.58 per diluted share, up from $2.27 billion or $2.08 per share, while overall production for the year increase 18 per cent to 790,410 boe/d from 671,162.

Original Article
Source: huffingtonpost.ca/
Author:  Lauren Krugel

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