CNQ Stock Recent News

Calgary, Alberta--(Newsfile Corp. - August 1, 2024) - Canadian Natural's (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company's second quarter results, "The strength of our well-balanced and diverse portfolio, combined with Canadian Natural's ability to execute safe, effective and efficient operations, delivered an excellent second quarter. Canadian Natural strategically managed turnaround activities and optimized production resulting in strong Q2/24 volumes of approximately 934,000 bbl/d of liquids and 2.1 Bcf/d of natural gas, totaling 1,286,000 BOE/d, an increase of 8% from Q2/23 levels of 1,194,000 BOE/d.

Higher oil prices and ramped-up production are likely to have boosted Canadian Natural Resources' (CNQ) profit in the second quarter.

Canadian Natural Resources (CNQ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Buying and selling stocks involves emotions and hopes for the future, making it a complex decision-making process. That's why a buy-and-hold strategy may work better, especially when it comes to dividend stocks that pay you for holding them. Income stocks like CCAP and CNQ offer potentially strong long-term total return potential, allowing investors to capitalize on undervalued opportunities while receiving recurring income.

Investors need to pay close attention to Canadian Natural (CNQ) stock based on the movements in the options market lately.

Canadian Natural Resources Limited offers one of the strongest shareholder yields in the oil and gas industry, with substantial growth potential. Positive macro outlook for the Company due to firming oil prices, improved transportation capacity, and potential Fed rate cuts. CNQ is expected to report strong earnings, with revenue and earnings growth and high cash flow generation.

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

The S&P 500's recent gains are concentrated in a few stocks, raising diversification concerns and making stock picking more attractive for future earnings growth in various sectors. Investors should focus on stocks with strong balance sheets and consistent dividend growth while avoiding low-quality small caps despite the potential for market broadening. Three standout dividend stocks are highlighted for their significant undervaluation, financial health, and high growth potential, offering promising opportunities for discerning investors.

Value investing remains favorable, despite missing out on hot stocks like Nvidia and Dell Technologies due to inflated valuations in tech growth stocks. The stock market is forward-looking, with tech growth stocks already pricing in future earnings, potentially leading to lackluster gains in the future. Canadian Natural Resources offers stability with its oil sands reserves and strong free cash flow returns, while MPLX provides reliable cash flows and growth potential in the midstream energy sector.

Oil and gas stocks have gotten left out of the party in 2024. The price of crude oil dipped below $80 per barrel in April and has not risen much past that mark as investors fret about a potential economic slowdown.