Canadian Natural Resources Ltd T.CNQ

BNS is Forecasting $30 plus

[TheDog2]

What is everyone thoughts? Is BNS on the money? The quarterly return is certainly high if it is maintained.

[rad10]

results not too terrible.  Long CNQ

[pablo87]

Rad?, I'm still trying to wrap my head around '20 year end debt ~ '19 year end debt despite COVid and dividends.

[rad10]

Hi Pablo Good to hear from you!  Hope you are well.  The debt to ebidta has crept up a bit from 2 and change to 3.  All things considered its manageable isn't it? All the best

[pablo87]

Hi Rad. Its all good! I moved some from CVE to CNQ a couple of weeks ago as the latter depends a lot less on WCS (discount to WTI has been going up) and condensate cost of supply (closer to WTI right now than historically) and have a pretty good nat gas business which of course is on the upswing.  So even though debt is high, it seems like they have the best business model in E&P for this

[rad10]

Nice one Pablo! Great to hear.

[JusticeRambo]

This post has been removed in accordance with Community Policy

[firstworld]

War mongering Saudis propped up by Canada with civilian killing equipment that breaks all Canadian export restrictions have nonsay in the matter. They are now a debtor and must how to paymasters. Russians calling the shots with direct pipelines to 3 BN ppl while dirt bag Saudis are broke and can only ship as long as Iran allows. Big talk from pipsqueaks just like joker Canada talking big with only