Bullboard - Stock Discussion Forum Canadian Natural Resources Ltd CNQ

Primary Symbol: T.CNQ

Energy Oil & Gas E&P

Canadian Natural Resources Limited is a Canada-based independent crude oil and natural gas exploration, development and production company. The Company's segments include exploration and production, oil sands mining and upgrading, and midstream and refining. The exploration and production segment is focused on North America, specifically in Western Canada; the United Kingdom portion of the... see more

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Canadian Natural Resources Ltd > Oil and Gas Supply Deficit

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Post by geezer21 on May 05, 2022 8:02pm

Oil and Gas Supply Deficit

The oil and gas supply deficit is greater than what demand destruction can counter act. Expect oil and gas prices to keep rising.

The available pool of oil to meet demand is declining with taking Russian oil off the market, with oil production declining, with OPEC unable to achieve the increase in production they said would deliver over 6 months ago, and with Biden buying oil back to restock strategic reserves.

Hang on to your shares.

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