Canadian Natural Resources

Canadian Natural Resources Ltd. is an oil and natural gas production company, which engages in the exploration, development, marketing, and production of crude oil and natural gas. It operates through the following segments: Oil Sands Mining & Upgrading, Midstream & Refining, and Exploration & Production. The Oil Sands Mining & Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations. The Midstream & Refining segment focuses on maintaining pipeline operations and investment. The Exploration & Production segment consists of operations in North America, largely in Western Canada, the United Kingdom portion of the North Sea, and Côte d’Ivoire and South Africa in Africa. The company was founded on November 7, 1973 and is headquartered in Calgary, Canada.

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My dividend payout is slightly smaller than last year, as I previously held Enbridge, a generous dividend payer.

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Canadian Natural is a leading Canadian E&P focused on open surface oil sands mining, a production method characterized by lower maintenance capital requirements and zero decline rate. Capitalizing on this, CNQ has led its US peers in cash returns on assets and achieved a 2x higher Capex-FCF conversion, generating superior and less volatile investment returns. Having grown dividends at ~16% p.a. since 2014, for 24E I expect a ~7.4% distribution yield with 100% of FCF paid out to shareholders vs ~50-70% across US E&Ps.

Canadian Natural: Resilience And Returns Through The Cycle

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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.

Canadian Natural Resources: Expect Huge Shareholder Returns

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Calgary, Alberta--(Newsfile Corp. - March 8, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural") announced today that the Toronto Stock Exchange ("TSX") has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid ("NCIB") through the facilities of the TSX or other alternative Canadian trading systems. Purchases may also be made through the facilities of the New York Stock Exchange.

Canadian Natural Resources Limited Announces Normal Course Issuer Bid

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 Natural Resources: A Cash Cow That Milks Dividends

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 (CNQ) Q4 Earnings Rise Y/Y, Sales Beat Estimates

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.

Canadian Natural Resources (CNQ) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Canadian Natural Resources (CNQ) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.59 per share. This compares to earnings of $1.44 per share a year ago.

Canadian Natural Resources (CNQ) Q4 Earnings and Revenues Surpass Estimates

Calgary, Alberta--(Newsfile Corp. - February 29, 2024) - Highlighting a successful 2023, Canadian Natural's (TSX: CNQ) (NYSE: CNQ) Chief Financial Officer, Mark Stainthorpe, stated "Through the Company's effective and efficient operations and disciplined capital allocation, we achieved our net debt level of $10 billion in Q4/23, earlier than previously forecasted. As per our free cash flow allocation policy, we will now target to return 100% of free cash flow to shareholders through dividends and share buybacks.

Canadian Natural Resources Limited Announces 2023 Fourth Quarter and Year End Results

Canadian Natural Resources (CNQ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Canadian Natural Resources (CNQ) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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Canadian Natural Resources: Hedging Geopolitical Risks With This Quality Oil Producer

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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.

Canadian Natural: Solid Performance, But Valuation Remains A Headwind

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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.

A 12% Distribution Yield At $80 WTI Is Why I Sold Exxon To Buy Canadian Natural Resources

News for Canadian Natural Resources Stock (CNQ)