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$30.65Last Dividend
$0.40TTM Dividend Yield
5.07%PE Ratio
11.86Annual ROE
20.97%Beta
0.62Events Calendar
Next earnings date:
Feb 28, 2025Recent quarterly earnings:
Oct 31, 2024Recent annual earnings:
Feb 29, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 13, 2024Next split:
N/ARecent split:
Jun 11, 2024Analyst ratings
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Calgary, Alberta--(Newsfile Corp. - January 29, 2025) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) has announced an asset swap with Shell Canada Limited, following a 2017 agreement and the fulfillment of certain conditions. In this transaction, Canadian Natural will exchange 10% of its working interest in the Scotford Upgrader and Quest Carbon Capture and Storage facilities for Shell's remaining 10% working interest in the Athabasca Oil Sands Project, along with associated reserves and other non-producing oil sands leases.
Canadian Natural Resources has a market value of almost $70 billion, offers a 5% dividend yield, and generates strong cash flow that benefits its shareholders. It holds more than 10 billion barrels of reserves and produces 1.1 million barrels of oil daily, making it the largest crude oil producer and the second-largest natural gas producer in Canada. The company's budget for 2025 plans to spend $6 billion on oil and gas drilling, aiming for a 14% growth in production per share.
The policies of the Trump administration have caused some uncertainty in certain industries, but I believe there are valuable opportunities that have been ignored. By concentrating on underappreciated investments with high potential, I find stocks that are currently affected by policy changes but are ready for growth in the future. Even though the market may react negatively in the short term, these stocks have the potential for great returns and are appealing for investors who think long-term.
CNQ has a C$6 billion budget for operating capital, which aims to increase production by 12% and enhance investments and returns for shareholders.
As Canada moves to new leadership after Trudeau's departure, investors should pay attention to stocks such as SU, CNQ, and IMO.
Calgary, Alberta--(Newsfile Corp. - January 9, 2025) - Scott Stauth, the President of Canadian Natural (TSX: CNQ) (NYSE: CNQ), spoke about the company's budget for 2025. He highlighted that their strong and varied assets, along with a flexible way of managing capital, give them a big edge over competitors. By carefully choosing where to invest, they aim to get the best returns and increase value for their shareholders.
CNQ has a varied portfolio and solid cash flow, but it also deals with risks like changes in commodity prices, limitations in pipeline capacity, and growing regulatory oversight.
There are always sales happening, and now is a great opportunity to invest in certain companies in the energy sector for good returns and value. Cenovus Energy is a major Canadian oil and gas company that has solid cash flow, careful spending, and good returns for its investors. Plains All American is a big midstream company with a lot of infrastructure and efficient operations, which is seeing benefits from increased production in the Permian Basin.
This Analyst Blog features Canadian Natural Resources Limited, Chevron, and Kinder Morgan.
If you want to diversify your investments with dependable income-producing assets, large-cap energy stocks such as CNQ, CVX, and KMI are good options.
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