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Canadian Natural Resources Limited Management Discusses Q4 2011 Results - Earnings Call Transcript

Canadian Natural Resources Limited (CNQ)

Q4 2011 Earnings Call

March 08, 2012 11:00 am ET


Corey B. Bieber - Vice President of Finance & Investor Relations

Allan P. Markin - Chairman and Member of Safety, Health & Environmental Committee

Steve W. Laut - Principal Executive Officer, President and Director

Lyle G. Stevens - Senior Vice President of Exploitation

Douglas A. Proll - Chief Financial Officer and Senior Vice President of Finance


George Toriola - UBS Investment Bank, Research Division

Greg M. Pardy - RBC Capital Markets, LLC, Research Division

Robert S. Morris - Citigroup Inc, Research Division



Good morning, ladies and gentlemen. Welcome to the Canadian Natural Resources 2011 Fourth Quarter and Year-end Results Conference Call. I would now like to turn the meeting over to Mr. Corey Bieber, Vice President, Finance and Investor Relations for Canadian Natural Resources. Please go ahead, Mr. Bieber.

Corey B. Bieber

Thank you, operator, and good morning, everyone. Thank you for attending this conference call, where we'll discuss our fourth quarter and annual 2011 results, which was included in our press release issued earlier today. Participating with me today are Allan Markin, our Chairman; Steve Laut, our President; Doug Proll, our Chief Financial Officer; and Lyle Stevens, our Senior Vice President of Exploitation.

Before I start, I would like to refer you to the comments regarding forward-looking information contained in our press release, and also note that all dollar amounts are in Canadian dollars, and production and reserves are both expressed as before royalties unless otherwise stated. I'll make some initial comments before I turn the call over to the other participants.

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