Canadian Natural Resources is linking its capital spending plan for 2019 to the debottlenecking of oil production in Alberta. Citing “a lack of market access and a dysfunctional pipeline nomination process” in Canada, the company plans a “base capital program” of $3.7 billion (Can.) in 2019, about $1 billion below its longer-term, “normalized capital program” and the outlay expected this year.

Source: News