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Canadian Natural Resources Limited showed a strong operational performance and raised its dividend by 11% in Q3-2023. CNQ's budget for 2024 is $5.42 billion, with a focus on liquids growth and a 3-7% growth per share in production. The company has some wood to chop to get valuation in line with peers.
I prefer to focus on finding buying opportunities rather than stocks to sell or avoid among the thousands of stock-listed companies in the world. I have shifted my investment from Exxon Mobil to Canadian Natural Resources due to the latter's better potential for shareholder value and strong position in the energy sector. Canadian Natural Resources has substantial proven reserves, low decline rates, and a commitment to returning cash to shareholders, making it a preferred choice over Exxon Mobil.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise focusing on companies like CNQ and OVV.
Canadian Natural (CNQ) anticipates a 4-5% production increase by 2025, focusing on strategic drilling and optimizing shareholders' value in 2024.
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.
Here is how Canadian Natural Resources (CNQ) and PBF Energy (PBF) have performed compared to their sector so far 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).
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.
ESG, which stands for environmental, social, and governance, is a term thrown around quite loosely these days. I've realized that many believe ESG is a political initiative that goes against the grain of the free markets.