There is a cautious optimism that is floating through, or prevailing through, the Canadian gas producers,” said Andy Mah, CEO of Advantage Oil & Gas. "largeChartUrl": "http://energynow.ca/data/", “As government is asked to step up, and play a larger role in figuring out how to deal with the crisis, people are going to turn their eyes to which companies have proactively taken steps to demonstrate they buy into this idea of: ‘We’re all in it together,'” he said. Use of this site indicates acceptance of the. But the move can also help companies slow the bleeding of cash that might happen as the bottom falls out of their revenues. "height": "700", Real-time discussion about Canadian Natural Resources Limited (CNQ.TO) on CEO.CA, an investment chat community for Canada's small cap markets ", A free inside look at Canadian Natural Resources salary trends based on 391 salaries wages for 232 jobs at Canadian Natural Resources. 1991 - Canadian Natural became a major natural gas producer in British Columbia through acquisition and drilling. "s": "TVC:USOIL+NYMEX:WCW1! "d": "TSX Energy" Salaries posted anonymously by Canadian Natural Resources … Murray Edwards, left, Executive Chairman, and Steve Laut, centre, president of Canadian Natural Resources, prepare to address the company's annual meeting in Calgary, Thursday, May 4, 2017. "symbolActiveColor": "#F2FAFE", }, "d": "Brent Crude" Energy giant Canadian Natural Resources Ltd. said last week its president would see a salary reduction of 20 per cent. Northeast British Columbia It’ll be around in three months.'”. ", "showChart": true, "d": "CDN Light Sweet" A $5-million financial assistance fund has been established for eligible laid-off employees, and company benefits will be maintained, it outlined in a press release. TORONTO — Murray Mullen says he was focused on the bigger picture when he approached senior executives and directors at his trucking and logistics business about taking pay cuts in response to the COVID-19 crisis. "s": "INDEX:JX", In the oil and gas industry, executives at Canadian Natural Resources and Ensign Energy Services Inc. were among the first Canadian operations to commit to lower salaries in the short term as part of broader reductions in capital spending. Canadian Natural Resources Ltd. acquires, explores for, develops, and produces natural gas, crude oil, and related products. { "d": "WTI Crude" { “It makes economic sense to support Keystone and we support Keystone. "s": "INDEX:TTEN", Companies in this story: (TSX:CGX) (TSX:ESI) (TSX:CNQ) (TSX:RECP). We’re in for 150,000 barrels per day,” he said. "s": "INDEX:TXCX", "s": "INDEX:DJI", The Canadian Press Copper Rich Environment. "locale": "en", Cineplex Inc., for example, outlined changes to its leadership pay structure that will take place over a month, after it temporarily laid off part-time employees and closed all movie theatres through at least April 2. "title": "Indices", This report by The Canadian Press was first published March 25, 2020. }, "scaleFontColor": "#DADDE0", One of the conditions of the transaction is that Cineplex keeps its debt below $725 million, while it’s headed into a period some observers say could totally reshape the movie business. The pipeline also faces a key regulatory hurdle in Nebraska where a state commission is expected to rule by late November on whether Keystone XL serves the public interest. "symbols": [ { Announces Closing of Previously Announced Strategic Light Oil Asset Acquisition and Updated 2017 Corporate Budget and Guidance, Activists seek to intervene in Nebraska Keystone XL review, Traverse Energy Ltd. }, "s": "OANDA:NATGASUSD", }, "s": "UKOIL", Other lower-ranking leadership would see their salaries paid at around 55 to 60 per cent, depending on their role. We provide live feeds designed to help energy professionals, field personnel, business owners, and senior business leaders get the latest energy news and data, energy industry press releases and energy job and event listings. Market quotes are powered by } "belowLineFillColorFalling": "rgba(255, 74, 104, 0.05)", { "plotLineColorGrowing": "rgba(61, 133, 198, 1)", Rise Above the Ongoing Global Economic Challenge, Recent Advances in Becht’s HTHA Damage Modeling Approach, U.S. Election Will Help Canada’s Oilpatch No Matter Who Wins, Canada Weekly Rig Count Up 3 for Week Ending October 23, 2020, Canada’s Cenovus Energy to buy Husky Energy for $3.8 billion in shares – $23.6 billion deal value, Sick worker at oilsands lodge north of Fort McMurray tests negative for COVID-19, Woodfibre LNG construction delayed a year as virus slows component deliveries, Razor Energy Corp. EnergyNow is an online energy news and data media service dedicated to providing essential up to-date information on the Canadian oil & gas industry. { { These moves have drawn skepticism from some, including Larry Savage, a professor of labour studies at Brock University, who said he sees alternative motivations behind what are seemingly goodwill efforts. ] { ... Suncor's CEO said this month his company has full pipeline access to market for all of its production. Others companies are … “Do I think (TransCanada) will get the support? Canadian Natural Resources CEO confident KXL pipeline will be built Back to video Steve Laut, CEO of Canadian Natural Resources (TSX:CNQ), said in an interview on Thursday his company is committed to use almost a fifth of the capacity on the 830,000-barrel-per-day conduit from Alberta to markets in Oklahoma and the U.S. Gulf Coast. For … The cynic in me says that as soon as the economy turns around, the executives will be the first people asking for bonuses and pay raises.”, Partha Mohanram, a professor of accounting at Rotman School of Management, said that while companies can go public with executive salary reductions for disclosure purposes, the leadership is effectively engaging in what’s “partly a PR exercise.”, “Some of it just signalling (from the companies),” he said. TransCanada has indicated it won’t make a final decision on whether to proceed with the US$8-billion project until late November or December, based on commercial support and regulatory approvals. 1989 - Shallow gas basin of Alberta was the modern iteration of the Company’s birthplace and is still a major contributor to its success. { The monetary challenges facing Cineplex are unique, however, as the movie exhibitor approaches a June 30 deadline for the $2.8-billion takeover of the company by Cineworld PLC. A previous version improperly quantified the salary reductions of Cineplex leadership. "s": "TVC:USOIL+NYMEX:ICL1! Canadian Natural Resources confirms support for output cuts as prices languish at $15.75 US . In the oil and gas industry, executives at Canadian Natural Resources and Ensign Energy Services Inc. were among the first Canadian operations to commit to lower salaries in the short term as part of broader reductions in capital spending. “The markets have changed, they’ve deteriorated, so people are concerned about it,” he said. "s": "USOIL", }, Cenovus-Husky deal creates new Canadian oil major, stokes hunger for deals, OPEC chief says rising infections may delay oil recovery, Topaz Energy Corp. Completes $230.5 Million Initial Public Offering, Oil Slumps Below $39 on Surging Virus and Stimulus Stalemate, Deal With Li Ka-shing’s Husky Gives Canadian Oil Giant a Biden Hedge, From Roughneck to CFO: One Métis Woman’s Unconventional Career Journey – Gregory John, Learn how to drastically reduce the time it takes you to complete manifests and manage waste data, 98% Uptime Sound Appealing? "d": "WCS Heavy" ] “Income inequality was a huge problem before the pandemic and that gap between the super rich and the rest of society is likely to grow even more in the wake of COVID-19. Canadian Natural Resources Inc., Cenovus Energy Inc. and MEG Energy Inc. all have vowed to achieve net zero emissions from their operations. TradingView.com Its senior executive team will forgo their base salaries for the first two weeks, and receive 40 per cent of their pay for the final two weeks. The CEO of one the biggest crude oil producers in Canada says he’s confident that the Keystone XL pipeline will be built despite doubts related to lower oil prices and regulatory obstacles. He confirmed that Canadian Natural is also a committed shipper on the TransMountain expansion and Energy East oil pipelines but wouldn’t say how much it is set to ship on those lines. Reyna Silver (RSLV) - Want High-Grade Mexican Silver, ask MAG Silver! The board committed to forgoing any pay for 90 days, while his senior teams have “taken somewhere up to a 50 per cent pay cut,” he said.

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