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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 retiredcfon Nov 12, 2024 1:58pm
67 Views
Post# 36308655

Top Pick

Top PickLast stock in the clip; he and his family also own it personally. GLTA

https://www.bnnbloomberg.ca/video/shows/market-call/2024/11/12/ryan-bushells-top-picks-bce-northland-power-and-canadian-natural-resources/

Canadian Natural Resources (CNQ TSX)


To be clear this is not a one year call on oil prices. Canadian Natural Resources is one of the best managed companies anywhere in the world in any sector. It has a pristine track record of shareholder focused execution that includes 20 plus years of consecutive dividend increases and a commitment to return 100 per cent of free cash to shareholders once target debt levels are achieved following their most recent acquisition of Chevron’s stake in AOSP last month. While CNQ’s shares are certainly not cheap at current levels, they still offer a 4.7 per cent dividend yield with a line of sight to steady growth ahead.



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