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 ...

Highlights of Q1 Earnings & Surprise History Canadian Natural Resources Limited (CNQ) is set to release second-quarter results on Aug 1. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a profit of 55 cents per share on revenues of $6.2 billion. In the last reported quarter, this Calgary, Alberta, Canada-based upstream operator missed the consensus mark due to lower commodity prices and higher expenses. Canadian Natural reported adjusted earnings per share of 51 cents, lagging the Za ...

Investors in Canadian Natural Resources Limited (CNQ) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $60 Call had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there ...

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 ...

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 ...