CANADIAN NAT RES LTD

Ticker: CNQ CUSIP: 136385101 Class: Common Stock

DISCOVERY CAPITAL MANAGEMENT, LLC / CT's Holding History (CIK: 0001389507)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 1,471,000 Value ($000) $45,424 Avg Close $10.28 Range $8.12 - $11.89

Q2 2014

Shares 5,793,087 Value ($000) $266,133 Avg Close $12.47 Range $11.51 - $13.96

Q1 2014

Shares 2,931,500 Value ($000) $112,354 Avg Close $10.48 Range $9.45 - $11.57

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	1,471,000	$45,424	$10.28	$8.12 - $11.89
Q2 2014	5,793,087	$266,133	$12.47	$11.51 - $13.96
Q1 2014	2,931,500	$112,354	$10.48	$9.45 - $11.57