Canadian Natural sees resolution soon of problems hitting shares

Thu Nov 8, 2012 12:01pm EST
 
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CALGARY, Alberta Nov 8 (Reuters) - Canadian Natural Resources Ltd's shares are under pressure due to a series of issues, including weak heavy oil pricing and operational problems at its oil sands plant, and both should soon be resolved, vice-chairman John Langille said on Thursday.

Langille told analysts on a conference call that the company has no plans to split itself up as one way to boost the stock, as it believes having a diversified set of assets is best in the long term.

Shares in Canada's largest independent oil producer were down about 4 percent on Thursday after weaker-than-expected financial results, adding to a 6 percent slip in the previous six months. (Reporting by Jeffrey Jones; Editing by Gerald E. McCormick)