Canadian Natural Resources Ltd T.CNQ

Alternate Symbol(s): 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 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.

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Canadian Natural Resources Ltd > Oil stock will remain depressed untill June 25?

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Post by sebastian2on Jun 17, 2024 1:11pm

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Post# 36092377

Oil stock will remain depressed untill June 25?

All Canadian oil stock have been disconnected from the crude price for about three weeks now. This is a direct result of changes in capital gainst tax. Lots of selling to realize capital gains at old rates before the June 25th deadline. The stocks should catch up after that day but who knows.

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