CNQ Stock Recent News

Canadian natural gas prices slumped to their lowest level in more than two years on Monday and are expected to remain under pressure for weeks, as storage levels in Alberta reach full capacity due to weak demand across North America.

Canadian Natural Resources offers sustainable dividends and production growth, leveraging vast low-decline oil reserves, a strong balance sheet, and shareholder-friendly capital returns. CNQ's attractive valuation, near-5% dividend yield, and quality assets position it for potential market-beating returns and robust forward growth prospects. Rexford Industrial excels in the supply constrained Southern California market, showcasing impressive FFO and NOI growth driven by strong tenant demand and value-added initiatives.

U.S. oil production has surged since 2008, making the country a top energy producer. Political shifts could affect future output, but growth is likely to slow. Producers now prioritize profitability over expansion, reducing CapEx and focusing on free cash flow, making supply growth slower but more sustainable. Energy stocks are undervalued with strong dividend yields. Despite weak oil prices, the long-term fundamentals of these companies remain very attractive.

Cyclical stocks like Canadian Natural Resources offer value, especially for patient retail investors who can buy when valuations are favorable. CNQ is appealing due to its large, long-life, low-decline oil sands reserves, resulting in lower maintenance costs and high free cash flows. CNQ achieved strong Q2 2024 production, including a 12% YoY increase in thermal production and a 16% YoY rise in synthetic crude oil production.

Canadian Natural Resources (CNQ) reported earnings 30 days ago. What's next for the stock?

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.

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.

Canadian (CNQ) projects total liquid production to range from 977-1,008 thousand barrels of oil equivalent per day, with total capital expenditures amounting to C$5,420 million for 2024.

Canadian Natural Resources posted a rise in quarterly profit on Thursday, as the energy producer benefited from higher crude prices and an increase in output.

Calgary, Alberta--(Newsfile Corp. - August 1, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.525 (fifty two and one-half cents) per common share. The dividend will be payable on October 4, 2024 to shareholders of record at the close of business on September 13, 2024.