Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
CanadaIPO:
31 July 2000Website:
http://www.cnrl.comNext earnings report:
02 August 2024Last dividends:
17 June 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:56:27 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
CNQ Latest News
Value investing remains favorable, despite missing out on hot stocks like Nvidia and Dell Technologies due to inflated valuations in tech growth stocks. The stock market is forward-looking, with tech growth stocks already pricing in future earnings, potentially leading to lackluster gains in the future. Canadian Natural Resources offers stability with its oil sands reserves and strong free cash flow returns, while MPLX provides reliable cash flows and growth potential in the midstream energy sector.
Oil and gas stocks have gotten left out of the party in 2024. The price of crude oil dipped below $80 per barrel in April and has not risen much past that mark as investors fret about a potential economic slowdown.
Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise focusing on companies like CNQ, OVV and OBE.
Are dividends a valuable perk for shareholders? Finding a top-notch dividend stock can be challenging. Does Canadian Natural Resources (CNQ) fit the bill?
The opening of LNG Canada, the nation's inaugural export terminal of its kind, is expected to put pressure on its natural gas resources for several years, leading producers to cut back on exports to the U.S., where demand for the fuel is at an all-time high, according to companies.
Canadian Natural Resources (CNQ) reported quarterly earnings of $1.02 per share, which fell short of the Zacks Consensus Estimate of $1.04 per share. This is lower than the earnings of $1.25 per share reported in the same quarter last year.
Canadian Natural Resources is a preferred option for exposure to the oil and gas industry, boasting significant reserves, minimal decline rates, and competitive breakeven prices. The company is dedicated to maximizing returns for shareholders by distributing all free cash flow, raising dividends, and occasionally providing special dividends. The anticipated completion of the Trans Mountain pipeline is predicted to enhance takeaway capacity and decrease the price gap between WCS and WTI, which will be advantageous for Canadian producers such as CNQ.
Canadian Natural Resources, the biggest oil and gas producer in Canada, fell short of Wall Street expectations for first-quarter earnings due to decreased production.
Canadian Natural Resources (CNQ) ended the most recent trading session at $77.34, representing a slight increase of 0.56% from the day before.
Canadian Natural Resources has achieved its net debt target, allowing the company to return more cash to its owners. Oil prices have risen considerably in recent months, benefiting Canadian Natural Resources and other oil producers. The start-up of the Trans Mountain pipeline will have a positive impact on Canadian oil prices, benefiting Canadian Natural Resources.
What type of business is Canadian Natural Resources Limited?
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
What sector is Canadian Natural Resources Limited in?
Canadian Natural Resources Limited is in the Energy sector
What industry is Canadian Natural Resources Limited in?
Canadian Natural Resources Limited is in the Oil & Gas Equipment & Services industry
What country is Canadian Natural Resources Limited from?
Canadian Natural Resources Limited is headquartered in Canada
When did Canadian Natural Resources Limited go public?
Canadian Natural Resources Limited initial public offering (IPO) was on 31 July 2000
What is Canadian Natural Resources Limited website?
https://www.cnrl.com
Is Canadian Natural Resources Limited in the S&P 500?
No, Canadian Natural Resources Limited is not included in the S&P 500 index
Is Canadian Natural Resources Limited in the NASDAQ 100?
No, Canadian Natural Resources Limited is not included in the NASDAQ 100 index
Is Canadian Natural Resources Limited in the Dow Jones?
No, Canadian Natural Resources Limited is not included in the Dow Jones index
When does Canadian Natural Resources Limited report earnings?
The next expected earnings date for Canadian Natural Resources Limited is 02 August 2024