TSX:CNQ - Post Discussion
Post by
Possibleidiot01 on Aug 28, 2023 3:02pm
Brianne Gardner - BNN - Top Pick
Canadian Natural Resources (CNQ TSX) Oil stocks are turning upward again now, along with the price of oil which recently topped US$80 per barrel once again. CNQ has industry-leading free cash flows. This provides for a robust and sustainable business and dividends for shareholders. It offers a 4.42 per cent dividend yield in addition to its large share buyback program. Its debt-reduction and efficiency focus over the next few years puts the company in a better long-term position to endure the inevitable cyclical turns. A really well-run business, it’s had amazing revenue growth the last 10 years while keeping profit margins strong so that earnings growth has kept up. We see some attractive valuations in the oil and gas space, with some businesses still near 30-year low values, and CNQ is still good value.
TOP PICK
oil / gas $84.430
Owned
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