Canadian Natural Resources (CNQ) could see an increase in value due to rising confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #2 (Buy).
President Trump wants to reduce oil prices, but increasing domestic production is difficult. The government might rely on OPEC+ and political influence to increase supply. Even with short-term fluctuations, I still believe in the long-term potential of oil, as U.S. producers are competitive and global demand is rising, making energy investments worthwhile. I concentrate on top-quality oil and gas companies that have solid finances, low production costs, and significant reserves, as they provide stability and growth opportunities.
Calgary, Alberta--(Newsfile Corp. - March 10, 2025) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) has announced that the Toronto Stock Exchange ("TSX") has approved its plan to conduct a Normal Course Issuer Bid ("NCIB"). This will take place through the TSX or other Canadian trading platforms. Additionally, shares may also be bought on the New York Stock Exchange.
CNQ stock is experiencing significant growth due to high production levels and strong cash flow. However, there are risks to consider, such as falling earnings and fluctuations in oil prices, which may affect its performance in the future.
Investors seeking passive income in a volatile stock market should consider dividend stocks, especially while their yields are above 5%. These stocks can provide a steady income stream during uncertain times.
Canadian Natural Resources has a solid range of oil and gas assets, mainly in Canada's oil sands, and its shares are close to a two-year low. The company's position in a stable area, along with low decline rates and cost-effective extraction, makes it a strong investment despite changing oil prices. Additionally, CNQ has a strong plan for managing its finances, prioritizing paying off debt and returning extra cash to shareholders through dividends and share repurchases.
While the revenue and earnings per share (EPS) for Canadian Natural Resources (CNQ) provide insight into its performance for the quarter ending December 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
Canadian Natural Resources has achieved record production levels, low operating costs, and large reserves, which makes it a leading company in the Canadian oil industry. Although its share price has dropped because of falling oil prices and tariff concerns, CNQ still offers appealing returns to shareholders and a good dividend yield. The company's recent acquisitions and natural growth are expected to increase production by 12% in 2025, backed by its 33 years of reserves.
Canadian Natural Resources Limited (NYSE:CNQ) will hold its Q4 2024 Earnings Conference Call on March 6, 2025, at 11:00 AM ET. The call will feature corporate participants including Lance Casson, Scott Stauth, Robin Zabek, and Mark Stainthorpe. Various conference call participants from different financial institutions will also be present.
Calgary, Alberta--(Newsfile Corp. - March 6, 2025) - Scott Stauth, the President of Canadian Natural (TSX: CNQ) (NYSE: CNQ), shared insights on the company's results for the fourth quarter and the entire year of 2024. He stated that 2024 was a remarkable year for the company, marked by significant growth and new production records from their core operations, even before accounting for acquisitions made during the year. With these acquisitions, they achieved a record annual average production of over 1,363,000 BOE/d, including a record liquids production of more than one million barrels per day.