Canadian Natural Resources Ltd T.CNQ

Dividend

[Eastbank]

Quarterly financials to be released Mar 3rd...perhaps an announcement then on the divvy.

[macdj]

Fourth quarter and year end should be next week

[Eastbank]

Q4 earnings scheduled for Mar 3rd before the open. GLTA 

[STOCKWIZ]

I'm hoping for another 10% increase. They are literally printing money.

[BlueJay2020]

No, they are literally NOT printing money - but I agree with your sentiment!

[thegreattimario]

With oil at these prices yes they are.

[BlueJay2020]

Some people literally have no idea what 'literally' means.

[STOCKWIZ]

I was hoping for a 10% increase and they gave me 28% instead. I believe we will see the same thing in December when they reduce debt by $5 Billion. CNQ is a cash generating monster and yes they are literally printing money.

[PabloLafortune]

Would it not make more sense to make acquisitions rather than reduce debt at this time?

[tarnoir]

I'm okay with paying down debt it's the NCIB (share buy backs) I have issue with. Why would you spend 50% of your FCF on buying shares that are at 15+ or more highs? Makes sense when S/P is lower (I think), but when touching this multi decade highs, doesn't seem prudent. 

[DaddyWarBucks]

This post has been removed in accordance with Community Policy

[jcjohn36]

Completely agree make an acquisition or make a special dividend to investors - buying back shares at this price is irresponsible.

[STOCKWIZ]

Less shares allow for a more sustainable dividend and growth in leaner times

[DaddyWarBucks]

This post has been removed in accordance with Community Policy

[BlueJay2020]

Buybacks at these prices tell us management thinks the stock is undervalued - and I agree with them. It will be proven to be a smart move wheb its trading at $100.