fpm Cyclical stocks can be great additions to a portfolio for value when they are trading at attractive prices. This can especially be the case for patient retail investors who aren't 'on the clock' as in the case of professional hedge fund investors who have to report their results every 3 months. As such, retail investors don't face the same pressure to sell stocks that are trading down in price in order to make a quarterly statement look good, and may want to do exactly the opposite, which is to buy them ...

11 GeorgePeters Introduction When it comes to investing, I am all about the "big picture." As most of my readers know, I care about major trends and developments that can impact our investments and provide us with long-term opportunities to beat the market. Although all three subjects are correlated, my research framework is based on three areas: Macroeconomics. This includes leading economic indicators, unemployment, inflation, and related. Supply chains. The pandemic was a prime example of the importance ...

A month has gone by since the last earnings report for Canadian Natural Resources (CNQ) . Shares have added about 5.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Canadian Natural Resources due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Canadian Q2 Earnings & ...

The Zacks Oil and Gas - Exploration and Production - Canadian industry is experiencing a mix of trends that shape its outlook. The Trans Mountain Pipeline Expansion Project is a significant development, enhancing Canada's crude transportation capacity and enabling upstream operators to reach broader markets with better pricing. This infrastructure improvement is poised to strengthen the industry's global competitiveness. However, challenges persist, such as the struggle to push oil prices beyond $70 per bar ...

Canadian Natural Resources Limited (CNQ) reported second-quarter 2024 net earnings per share (EPS) of 80 Canadian cents, reflecting an increase from the prior-year quarter level of 66 Canadian cents. This outperformance can be attributed to year-over-year higher production. The Calgary-based oil and gas exploration and production company's total revenues of $6.6 billion increased from $5.9 billion reported in the year-ago period, driven by increased product sales. Additionally, the figure beat the Zacks Con ...

Canadian Natural Resources Limited (NYSE:CNQ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Lance Casson - IR Scott Stauth - COO, Oil Sands Mark Stainthorpe - CFO Conference Call Participants Menno Hulshof - TD Cowen Greg Pardy - RBC Capital Markets Dennis Fong - CIBC Manav Gupta - UBS Neil Mehta - Goldman Sachs John Royall - JPMorgan Patrick O'Rourke - ATB Capital Markets Operator Good morning. We would like to welcome everyone to Canadian Natural's 2024 second quarter ea ...

Core Viewpoint - Canadian Natural Resources Limited (CNQ) is expected to report second-quarter earnings on August 1, with a consensus estimate of 55 cents per share and revenues of $6.2 billion, reflecting a year-over-year improvement of 27.9% in earnings and a 5.5% increase in revenues [2][13]. Group 1: Recent Performance - In the last reported quarter, CNQ missed the consensus earnings estimate, reporting adjusted earnings per share of 51 cents, which was a penny below expectations, while revenues of $6.1 billion exceeded the consensus by 1.8% due to strong production [3]. - The company has a trailing four-quarter earnings surprise average of 5.5%, having topped estimates in two of the last four quarters [13]. Group 2: Production and Infrastructure - CNQ is anticipated to benefit from higher production levels, with an expected output of 1,327,890 barrels of oil equivalent per day during the quarter [6]. - The recent startup of the Trans Mountain pipeline expansion is expected to enhance CNQ's crude oil transportation efficiency, reducing bottlenecks and transportation costs, which should support higher export volumes and profitability [7]. Group 3: Market Conditions - Strengthening oil prices are likely to significantly benefit CNQ's revenues and cash flows, with a forecasted mid-single-digit revenue growth for the quarter [14]. - The estimated price for North America Light Crude Oil & NGL is projected at C$71.14 per barrel, indicating a 10% improvement from the previous year [14]. Group 4: Earnings Expectations - The company has an Earnings ESP of +9.84% and a Zacks Rank of 2 (Buy), indicating a strong likelihood of an earnings beat this season [9][8]. - The Zacks Consensus Estimate for the second-quarter bottom line has remained unchanged over the past week, suggesting stability in expectations [13].

Company Overview - Canadian Natural Resources Limited (CNQ) is experiencing significant attention from investors due to high implied volatility in its options market, particularly the Sep 20, 2024 $60 Call option [1] - The company currently holds a Zacks Rank 3 (Hold) in the Oil and Gas - Exploration and Production - Canadian industry, which ranks in the bottom 28% of the Zacks Industry Rank [3] Analyst Sentiment - Over the last 60 days, there has been a mixed sentiment among analysts regarding Canadian Natural's earnings estimates; one analyst has increased the estimate for the current quarter, while two have revised their estimates downward [3] - The net effect of these revisions has decreased the Zacks Consensus Estimate for the current quarter from 66 cents per share to 55 cents [3] Options Market Insights - The high implied volatility suggests that options traders are anticipating a significant price movement for Canadian Natural shares, indicating potential upcoming events that could lead to a rally or sell-off [2][5] - Traders often seek options with high implied volatility to sell premium, aiming to benefit from the decay of options value if the underlying stock does not move as much as expected [5]

Past Coverage Canadian Natural Resources is not the cheapest oil company, but it is one of the highest-quality oil companies. It has a clean balance sheet, offers great shareholder returns, has an excellent track record, low break-even costs, a long reserve life, and so on. Considering these many positives, the current valuation is not high at all, I believe: JamesBrey 1 Children Art First Article Thesis I have covered Canadian Natural Resources Limited several times here on Seeking Alpha, most recently a l ...

Introduction I believe it is one of my most important articles, as we could be on the verge of a major shift that could potentially have a major impact on future returns. Dmytro Synelnychenko/iStock via Getty Images On June 24, I wrote an article titled "Stock Picking Was 'Never' More Attractive: 3 Terrific Dividend Stocks To Buy." The S&P 500's recent gains have been heavily concentrated in a few stocks, raising diversification concerns. There is valid skepticism about the sustainability of these developme ...