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Canadian Natural Resources Ltd T.CNQ

Alternate Symbol(s):  CNQ

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 are 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. 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. 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.


TSX:CNQ - Post by User

Post by pelletr1on Mar 17, 2020 11:46am
281 Views
Post# 30817210

Hedging

HedgingAlthough BOE has plummeted and will remain so for ar least a couple of quarters (maybe even a full year), what are CNQ's hedges for 2020 and 2021 like? Hedged enough to allow them to still generate enough cash to cover debt payments, and other operating costs. Now the divvy, that's another matter. They would need to generate over $2B on top of this just to cover it (1.2 billion shares x $1.7 annual dividend). Obviously this doesn't take into account any Capex.
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