Canadian Natural Resources Ltd T.CNQ

Alternate Symbol(s): CNQ

Energy Oil & Gas E&P

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

Canadian Natural Resources Ltd > Wowi

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Comment by JohnSPon Feb 29, 2024 7:12pm

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Post# 35907962

RE:RE:Wowi

Good question, Q4/FY PR says "As per our free cash flow allocation policy, we will now target to return 100% of free cash flow to shareholders through dividends and share buybacks"

But confusingly formula for FCF says FCF is after Dividends, see slide 19: https://www.cnrl.com/content/uploads/2024/02/P_Corp-Pres_Feb.pdf

My bet is 100% to share buybacks and if oil price bumps up and fill 10% NCIB then Spec Divs.

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