Bullboard - Stock Discussion Forum Canadian Natural Resources Ltd T.CNQ

Alternate Symbol(s): CNQ

Energy Oil & Gas E&P

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... see more

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TSX:CNQ - Post Discussion

Canadian Natural Resources Ltd > Todays news release,

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Post by MrDales62 on Mar 02, 2023 7:47am

Todays news release,

Big numbers, nicely done.

GLTA

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Comment by TimeScape on Mar 02, 2023 7:50pm

Yet another dividend increase after increasing it twice last year. They stated they will return 100% of free cash flow to shareholders (buybacks/dividends) once net debt hits $10 billion. Was $10.5 billion at year end, so they are almost there. By my calculations, they could pay another $1.50 special dividend this year in addition to the increased regular dividend, and still buy ...more

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Comment by JohnSP on Mar 02, 2023 10:58pm

BaseDiv increase is welcome! Net debt at CAD10 bln? In CC CEO said "we target to reach the $10 billion net debt level late this year". https://seekingalpha.com/article/4583995-canadian-natural-resources-limited-cnq-q4-2022-earnings-call-transcript SpecDiv of CAD1.50 would be great.

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Canadian Natural Resources Ltd