Canadian Natural Resources

Canadian Natural Resources Ltd. is an oil and natural gas production company, which engages in the exploration, development, marketing, and production of crude oil and natural gas. It operates through the following segments: Oil Sands Mining & Upgrading, Midstream & Refining, and Exploration & Production. The Oil Sands Mining & Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations. The Midstream & Refining segment focuses on maintaining pipeline operations and investment. The Exploration & Production segment consists of operations in North America, largely in Western Canada, the United Kingdom portion of the North Sea, and Côte d’Ivoire and South Africa in Africa. The company was founded on November 7, 1973 and is headquartered in Calgary, Canada.

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Companies like Suncor Energy (SU), Canadian Natural Resources (CNQ) and Imperial Oil Limited (IMO) could be impacted by Canada's ambitious emissions cap plan for the oil and gas sector.

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Here is how Canadian Natural Resources (CNQ) and PBF Energy (PBF) have performed compared to their sector so far this year.

Is Canadian Natural Resources Limited (CNQ) Stock Outpacing Its Oils-Energy Peers This Year?

Canadian Natural Resources (CNQ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Canadian Natural Resources (CNQ) Upgraded to Buy: What Does It Mean for the Stock?

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Large-cap companies The Williams Companies (WMB), Chevron (CVX) and Canadian Natural Resources (CNQ) present an opportunity for long-term stability and reliable returns in the energy space.

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Canadian Natural Resources reported strong Q3 numbers with record production and an 11% dividend increase. The company has increased its base dividend for 24 straight years and is expected to continue rewarding shareholders as debt targets are achieved. The stock price has responded positively to tests and is setting higher highs and higher lows, making it a bullish investment.

Canadian Natural Resources: 2024, The Year Of The Shareholder

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Canadian (CNQ) expects total capital expenditures of C$5,410 million with an annual production guidance of 1.33-1.37 million BOE/d for 2023.

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Canadian Natural Resources (CNQ) has seen a 6% increase in its stock price following strong earnings and a positive outlook. The company has the potential for special dividends and buybacks next year if oil prices remain elevated. I favor CNQ as an oil investment due to its strong operations, deep inventories, and emphasis on shareholder distributions.

>16% Yield Potential - Why I Believe Canadian Natural Is The Best Oil Stock Money Can Buy

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Canadian Natural Resources Ltd (CNQ) on Thursday posted third-quarter adjusted earnings per share (EPS) that exceeded analysts' expectations on record production that averaged 1.39 million oil-equivalent barrels per day.  The senior crude oil and natural gas production company said its adjusted EPS came in at C$2.59, surpassing the C$2.43 consensus estimate of 11 analysts polled by FactSet.

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Canadian Natural Resources Limited (NYSE:CNQ ) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants Lance Casson – Manager-Investor Relations Tim McKay – President Mark Stainthorpe – Chief Financial Officer Scott Stauth – Chief Operating Officer-Oil Sands Conference Call Participants Dennis Fong – CIBC World Markets Neil Mehta – Goldman Sachs Greg Pardy – RBC Capital Markets Menno Hulshof – TD Securities Patrick O'Rourke – ATB Capital Markets John Royall – JPMorgan Manav Gupta – UBS Kalei Akamine – Bank of America Operator Good morning. We would like to welcome everyone to the Canadian Natural Resources 2023 Third Quarter Earnings Conference Call and Webcast.

Canadian Natural Resources Limited (CNQ) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Canadian Natural Resources (CNQ) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Canadian Natural Resources (CNQ) Q3 Earnings: A Look at Key Metrics

Canadian Natural Resources (CNQ) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.62 per share. This compares to earnings of $2.37 per share a year ago.

Canadian Natural Resources (CNQ) Q3 Earnings and Revenues Beat Estimates

Calgary, Alberta--(Newsfile Corp. - November 2, 2023) - Commenting on the Company's (TSX: CNQ) (NYSE: CNQ) third quarter 2023 results, Tim McKay, President, stated, "Our quarterly results demonstrate how our effective and efficient operations, combined with our diverse product mix generates significant free cash flow, resulting in strong shareholder returns through our sustainable and growing dividend and significant share repurchases. Our world class assets delivered top tier operational and financial results in Q3/23 with average quarterly production volumes of approximately 1,394,000 BOE/d, which is the highest quarterly volumes in the history of the Company, including record quarterly production volumes for both liquids and natural gas of approximately 1,035,000 bbl/d and 2,151 MMcf/d respectively.

Canadian Natural Resources Limited Announces 2023 Third Quarter Results

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Investors with an interest in Oil and Gas - Exploration and Production - Canadian stocks have likely encountered both Ovintiv (OVV) and Canadian Natural Resources (CNQ). But which of these two stocks presents investors with the better value opportunity right now?

OVV vs. CNQ: Which Stock Is the Better Value Option?

Investors interested in Oil and Gas - Exploration and Production - Canadian stocks are likely familiar with Ovintiv (OVV) and Canadian Natural Resources (CNQ). But which of these two companies is the best option for those looking for undervalued stocks?

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Canadian Natural Resources Limited is a solid oil play in the Canadian oil industry, with low break-even oil prices and reliable earnings potential. CNQ has a diverse asset portfolio, including oil sands mining, heavy oil, natural gas, and light oil and natural gas liquids, allowing it to tap into various segments of the energy market. The company has a strong dividend track record, with 23 consecutive years of dividend increases, and a potential yield of over 5% is possible. CNQ is rated as a buy.

Canadian Natural Resources: More Reliable Dividends Is Tough To Find

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I will examine Canadian Natural Resources via a comparison to EOG Resources across various metrics. Both companies have performed well and are similarly sized companies, yet one focuses primarily on shale oil and the other focuses mainly on Canadian oil sands. Canadian Natural Resources touts its oil sands project as a premier oil project and so a comparison to a shale oil company will provide a beneficial understanding of their claim.

Canadian Natural Resources: A Comparison With EOG Resources

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Oil prices are rallying faster than expected, with speculators increasing bullish positions on WTI and concerns rising about potential disruption to the U.S. economy. The International Energy Agency's prediction of a peak in oil demand before 2030 is unlikely, and OPEC expects oil demand growth until at least 2045. Canadian Natural Resources Limited is a top pick in the oil sector, with massive reserves, low breakeven prices, and a commitment to returning free cash flow to shareholders through special dividends.

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Canadian Natural Resources Ltd , a major shipper on the Trans Mountain oil pipeline expansion (TMX), expects the project will be delayed until at least the second quarter of 2024, the company said in a letter to Canadian regulators on Thursday.

Canadian Natural expects Trans Mountain expansion project to be delayed -letter

News for Canadian Natural Resources Stock (CNQ)