CNQ Stock Recent News

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

In the bustling world of investing, dividend stocks to buy for income stand out for those searching for dependable returns. It's no secret that dividend aristocrats, those esteemed stocks with a rich legacy of payouts spanning over 25 years, are lauded as the epitome of financial reliability.

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.

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

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.

Oil stocks are surging. To put it simply, the energy sector is back.

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 (CNQ) projects total annual production in the range of 1,330,000-1,374,000 BOE/d for 2023, despite the Western Canadian wildfires and the third-party pipeline outage.

One should consider stocks that have recently raised their dividend payments. Five such stocks are: VST, HWKN, CNQ, VET, MCHP.

Canadian Natural Resources is a top oil company with deep reserves, low breakeven prices, and a healthy balance sheet. CNQ aims to distribute excess free cash flow to shareholders through special dividends and buybacks, making it a great income vehicle. With the projected growth in oil prices and CNQ's undervaluation, there is tremendous potential for future gains.