Second-quarter results mixed for Canadian companies

Although their first-half 2005 earnings declined, a sample of oil and gas firms based in Canada reported a collective increase in second-quarter earnings compared with the same 2004 period. Collectively, the 11 Canadian producers and transporters posted a 29% increase in earnings during the second quarter of 2005 on 19% stronger revenues as compared with the same period a year earlier.First-half earnings for the group declined 11%, though revenues were up 16%. All results are reported in Canadian dollars, and all companies discussed here are based in Calgary.Company resultsCanadian Natural Resources Ltd. posted $219 million in second-quarter earnings. This was down from net income of $259...

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