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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Canadian Natural Resources Ltd > so they will hit net 8B debt in Q1 sometime?

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Post by mnztr on Mar 03, 2023 11:17am

so they will hit net 8B debt in Q1 sometime?

which means massive increase in shareholder returns?

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Comment by JohnSP on Mar 06, 2023 5:38pm

See CC transcript "we target to reach the $10 billion net debt level late this year."

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Comment by tarnoir on Mar 08, 2023 9:42am

I believe they're already @ $10.5 billion so I think they are just being overly cautious. Likely will hit $10B next quarter. Given their track record, will also likely exit 2023 below $8 B IMO. This co. might become a dividend machine. Expect some more special payouts this year.

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