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Canadian Natural Resources Ltd T.CNQ

Alternate Symbol(s):  CNQ

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 North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. The oil sands mining and upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands and through its direct and indirect interest in the Athabasca Oil Sands Project. Within Western Canada in the midstream and refining segment, the Company maintains certain activities that include pipeline operations, an electricity co-generation system and an investment in the Northwest Redwater Partnership, a general partnership formed to upgrade and refine bitumen in the Province of Alberta.


TSX:CNQ - Post by User

Comment by TimeScapeon Mar 02, 2023 7:50pm
140 Views
Post# 35316449

RE:Todays news release,

RE:Todays news release,Yet another dividend increase after increasing it twice last year.  They stated they will return 100% of free cash flow to shareholders (buybacks/dividends) once net debt hits $10 billion.  Was $10.5 billion at year end, so they are almost there.  By my calculations, they could pay another $1.50 special dividend this year in addition to the increased regular dividend, and still buy back roughly 6 - 7 % of the float if free cash flow comes in at roughly what it did in 2022.
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