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Canadian Natural Resources Ltd T.CNQ

Alternate Symbol(s):  CNQ

Canadian Natural Resources Limited is a senior crude oil and natural gas production company. Its exploration and production segment are focused on North America, in Western Canada, the United Kingdom portion of the North Sea, and Cote d'Ivoire in Offshore Africa. Its 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 (AOSP). Within Western Canada in the Midstream and Refining segment, it maintains certain activities: 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. It owns a 70% interest in light crude oil and liquids rich Duvernay assets. It owns 90% of AOSP: the Muskeg River and Jackpine mines, the Scotford Upgrader and the Quest Carbon Capture and Storage facility.


TSX:CNQ - Post by User

Post by George98on Dec 13, 2019 5:26am
425 Views
Post# 30450967

Upgrade. Normal with AECO +70% higher than 2018

Upgrade. Normal with AECO +70% higher than 2018"Canadian Natural Resources (TSE:CNQ)  was upgraded by Tudor Pickering & Holt from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a C$46.00 price target on the stock. Tudor Pickering & Holt’s price objective indicates a potential upside of 17.89% from the company’s current price."

In a few days small caps will follow the uptrend of the larger. Still we are at the last days of tax loss selling. My bigger position is at YGR, it has 100% unhedged production, announced NCIB, it has remarkable insiders buys, low margins, sells in Edmonton light and AECO prices.

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