CNQ Stock Recent News

In the most recent trading session, Canadian Natural Resources (CNQ) closed at $77.34, indicating a +0.56% shift from the previous trading day.

Short-term bonds currently yield more than stocks, indicating a shift in the investment environment. Investors should focus on companies with healthy balance sheets, pricing power, and that are trading below their fair value. We suggest several favorite wide-moat dividend businesses.

Canadian Natural Resources has achieved its net debt target, allowing the company to return more cash to its owners. Oil prices have risen considerably in recent months, benefiting Canadian Natural Resources and other oil producers. The start-up of the Trans Mountain pipeline will have a positive impact on Canadian oil prices, benefiting Canadian Natural Resources.

High short interest is a recipe for sharp stock price movements, and when the shorts are getting squeezed, the movements can be the sharpest. The stocks on this list are not only high-short interest stocks with upward price pressure; they are among the most shorted stocks listed on Marketbeat's platform, offer some value, have positive market sentiment, and a forecast for growth.

Neil Mehta, Goldman Sachs managing director, joins 'Money Movers' to discuss his thoughts on the oil sector, the major oil companies, and more.

Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise focusing on companies like CNQ, OVV and BTE.

Canadian Natural Resources is a bullish investment opportunity due to its efficient operations, deep reserves, and commitment to shareholder distributions. The expansion of the Trans Mountain pipeline presents significant opportunities for increased production and improved market access. CNQ's recent earnings report showcased record production, prudent cost management, and achievements in debt reduction and shareholder returns.

Canadian (CNQ) expects to achieve production growth of 1,455 MBOE/d by the end of 2024, up 40% from that anticipated at the end of 2023.

Canadian Natural Resources Limited (CNQ) Q4 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 December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.