Value investing remains my favorite way to put capital to work, even in this inflationary environment. That means, however, that I've missed out on some spectacular gains on hot stocks like Nvidia (NVDA) and Dell Technologies (DELL) this year, as AI has dominated the investor consciousness over much of the past year. Nonetheless, it's important to keep in mind that the stock market is forward-looking, and with all of the hype around tech growth stocks today, many years' worth of future earnings have already ...

Core Viewpoint - The crude oil price has dipped below $80 per barrel, raising concerns about a potential economic slowdown, which has negatively impacted oil and gas stocks in 2024. However, certain energy stocks are positioned to benefit and provide substantial dividends despite these macroeconomic concerns [1][2][4]. Group 1: Oil and Gas Market Overview - Crude oil prices have not significantly risen above $80 per barrel since April, with natural gas prices remaining below $3 per British thermal unit (BTU), down from a peak of around $10 in 2022 [1]. - Oil and gas stocks have underperformed the market this year due to macroeconomic concerns, but some stocks are highlighted as potential buys [2][3]. Group 2: Canadian Natural Resources (CNQ) - Canadian Natural Resources is a major player in the Canadian energy sector, particularly in the Alberta oil sands, which are considered attractive assets under current political and economic conditions [6][7]. - Oil sands production resembles hard rock mining, offering a long production life with minimal declines, unlike shale and fracking [7]. - The company reported a netback of $37 CAD per barrel last quarter, indicating strong profit margins despite price volatility [13]. Group 3: Exxon Mobil (XOM) - Exxon Mobil is recognized as one of the world's leading energy companies, with a diversified portfolio that includes oil and gas production, refining, and renewables [15]. - The company is known for its strategic capital allocation, often investing counter-cyclically to maximize shareholder returns [16]. - Exxon Mobil's robust balance sheet provides stability for dividends, insulating it from short-term price fluctuations [11]. Group 4: Ecopetrol (EC) - Ecopetrol is Colombia's state-operated oil company, with the government controlling 88% of the firm [20]. - The company has a strong market position and is a low-cost oil producer, allowing it to pay high dividends, which are variable based on profitability [18][21]. - In 2023, Ecopetrol paid nearly $3 per share in dividends, yielding over 25%, and has announced a $1.62 dividend for 2024, resulting in a 13.9% yield based on current stock price [21].

Company Overview - Canadian Natural Resources (CNQ) is based in Calgary, Alberta, Canada, and operates in the Oils-Energy sector [3] - The company's shares have experienced a price change of 15.64% this year [3] Dividend Information - CNQ currently pays a dividend of $0.77 per share, resulting in a dividend yield of 4.08%, which is significantly higher than the Oil and Gas - Exploration and Production - Canadian industry's yield of 1.7% and the S&P 500's yield of 1.58% [3] - The annualized dividend of $3.09 represents a 13.4% increase from the previous year [4] - Over the last 5 years, CNQ has increased its dividend 5 times year-over-year, averaging an annual increase of 27.34% [4] - The current payout ratio for CNQ is 56%, indicating that the company pays out 56% of its trailing 12-month earnings per share as dividends [4] Earnings Expectations - The Zacks Consensus Estimate for CNQ's earnings in 2024 is $5.75 per share, reflecting a year-over-year growth rate of 0.35% [5] Investment Considerations - CNQ is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7]

Canadian Natural Resources Limited (CNQ) reported first-quarter 2024 net earnings per share (EPS) of C$0.91, down from the prior-year quarter level of C$1.62. This underperformance can be mainly attributed to low commodity prices and higher year-over-year expenses during the quarter.Total revenues of $6.1 billion declined from $6.4 billion in the year-ago period due to a reduction in product sales. However, the figure beat the Zacks Consensus Estimate of $6 billion.CNQ’s board of directors announced a quart ...

Gerasimov174 All financial numbers in this article are in Canadian dollars unless noted otherwise. Canadian Natural Resources Overview It's time to talk about Canadian Natural Resources Limited (NYSE:CNQ), a company that has become one of my largest energy stocks and my favorite upstream player. On January 12, I wrote an article titled "A 12% Distribution Yield At $80 WTI is Why I Sold Exxon To Buy Canadian Natural Resources." As the title may suggest, its highly favorite free cash flow profile is one ...

Lance Casson - Investor Relations Scott Stauth - Chief Operating Officer, Oil Sands Mark Stainthorpe - Chief Financial Officer Good morning. We would like to welcome everyone to the Canadian Natural's 2024 First Quarter Earnings Conference Call and Webcast. After the presentation, we will conduct a question-and-answer session. Instructions will be given at that time. Please note, this call is being recorded today, May 02, 2024 at 07:00 AM Mountain Time. Speaking on today's call will be Scott Stauth, our Pre ...

Canadian Natural Resources (CNQ) closed the most recent trading day at $77.34, moving +0.56% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.46%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 0.64%.Coming into today, shares of the oil and natural gas company had gained 1.91% in the past month. In that same time, the Oils-Energy sector gained 4.21%, while the S&P 500 lost 3.04%.Analysts and investors alike will be keeping a c ...

zhengzaishuru Article Thesis Canadian Natural Resources (NYSE:CNQ) is a leading Canadian oil sands company that has an excellent track record and strong management. Thanks to superior cash generation, Canadian Natural Resources has recently achieved its net debt target, which will allow the company to return even more cash to its owners. While the share price and valuation have expanded in recent months, this high-quality company remains a good investment. Past Coverage I have written about Canadian Na ...

CANADIAN NATURAL RESOURCES LIMITED 2. To elect Directors for the ensuing year; 6. To transact such other business as may properly be brought before the Meeting or any adjournments thereof. The Information Circular of the Corporation accompanying this Notice contains important instructions and details on how to participate at the Meeting and vote your Common Shares by proxy or online during the Meeting. The specific details of the matters proposed to be put before the Meeting are also set forth in the Inform ...

beckariuz This article was coproduced with Leo Nelissen. It's time to talk about one of our favorite companies on the market, a company that combines our bullish oil price thesis, our love for (special) dividends, and our belief that energy is one of the few sectors on the market with a fantastic valuation. As the title of this article already gave away, that stock is Canadian Natural Resources (NYSE:CNQ), Canada's largest upstream company with listings in both Toronto and New York. Our most recent coverage ...