Canadian Natural Resources Limited Aktie News

Canadian Natural Resources is a top oil company with deep reserves, low breakeven prices, and a healthy balance sheet. CNQ aims to distribute excess free cash flow to shareholders through special dividends and buybacks, making it a great income vehicle. With the projected growth in oil prices and CNQ's undervaluation, there is tremendous potential for future gains.

Canadian Natural Resources Ltd on Thursday posted a second-quarter profit that more than halved, as lower energy prices and drop in oil production squeezed the country's largest oil and gas producer.

Canadian Natural Resources is a major producer of oil from the Canadian oil sands, a long-lived and low-decline source. They also produce other types of oil and natural gas. They have reached a stage where ongoing cash flows support gradual expansion of production and will support 100% returns of all other cash to shareholders within a year. Ballpark forward returns look like a midcycle dividen...

In 2022, oil stocks were a bright spot in a generally downbeat market. The invasion of Ukraine, in particular, led to a spike in oil and gas prices as the world scrambled to replace embargoed Russian energy products.

We're adding Canadian Natural Resources Limited to our list of E&Ps best-positioned for higher oil prices and long-term holding. The shares offer a 5% dividend yield and 24% upside to our $90 price target. Canadian Natural Resources shares are a good alternative for investors who seek appreciation potential and income growth with less volatility.

Oil prices may dip this summer due to concerns over global economic growth, creating a buying opportunity for CNQ stock if there is a corresponding dip in its price. CNQ is currently slightly overpriced compared to its oil sands peer, Suncor, but is poised to continue delivering on its projects. The shale industry is facing a lack of viable drilling opportunities, similar to the global conventi...

Canadian Natural Resources Limited (NYSE:CNQ ) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Lance Casson - Manager, Investor Relations Tim McKay - President Mark Stainthorpe - Chief Financial Officer Conference Call Participants Greg Pardy - RBC Capital Markets Dennis Fong - CIBC Neil Mehta - Goldman Sachs Menno Hulshof - TD Securities Operator Good morning. We ...

Canadian Natural Resources: 10% Total Yield Makes It A Top Energy Pick.