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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 retiredcfon Dec 14, 2024 6:54am
277 Views
Post# 36362224

Analyst Comment

Analyst CommentHOLD
Canadian Natural Rsrcs(CNQ-T)
13/12/2024

Likes it. Probability that Trump gets away with tariffs is fairly small, he's just negotiating. Trump needs to be reminded that tariffs are taxes, and US taxes are already high enough.

Increased portfolio of heavy crude, despite difficulties getting it out of Canada. De-bottlenecking the Keystone pipeline would be positive. Narrative on this name will likely be soft for a few months.

Oil / Gas

Rick Rule
$44.600
No


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