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Canadian Natural Resources: How We Would Play 2025
Seeking Alpha· 2024-12-26 16:03
Conservative Income Portfolio targets the best value stocks with the highest margins of safety. The volatility of these investments is further lowered using the best priced options. Our Enhanced Equity Income Solutions Portfolio is designed to reduce volatility while generating 7-9% yields.Canadian Natural Resources Limited (NYSE: CNQ ) has been a solid performer over the years. We have been buyers in the past, but the stock became too expensive for our taste post-pandemic, and we gawked from the sidelines. ...
If I Could Only Give You 3 Investments For Christmas
Seeking Alpha· 2024-12-24 12:30
When I think of what makes a great Christmas gift, it needs to meet three criteria. One, it needs to make a clear contribution to the other person's happiness in some way. Two, it needs to be something that will last over time. Three, itIf you want access to our Portfolios that have crushed the market since inception and all our current Top Picks, join us for a 2-week free trial at High Yield Investor.We are the fastest growing high yield-seeking investment service on Seeking Alpha with a perfect 5/5 rating ...
Should You Buy Canadian Natural Stock Amid Current Valuation or Hold?
ZACKS· 2024-12-05 13:00
Canadian Natural Resources Limited (CNQ) is one of the largest independent energy companies in Canada, engaged in the exploration, development and production of oil and natural gas. However, its performance this year has been relatively modest with a 1.3% gain year to date (YTD). This places CNQ behind the broader oil and energy sector, which has grown 8.7%, and its sub-industry, which has risen 4.7%.Compared with its peers within the Canadian Oil and Gas Exploration and Production sub-industry, CNQ has und ...
Canadian Natural Resources Limited Prices US$1,500 Million in 5 and 10 Year USD Notes and C$500 Million in 7 Year CAD Notes
Newsfile· 2024-12-03 23:30
Canadian Natural Resources Limited Prices US$1,500 Million in 5 and 10 Year USD Notes and C$500 Million in 7 Year CAD NotesDecember 03, 2024 6:30 PM EST | Source: Canadian Natural Resources LimitedCalgary, Alberta--(Newsfile Corp. - December 3, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural" or the "Company") announces that on December 3, 2024, the Company priced the following unsecured notes (the "notes"):NoteCouponPrincipalMaturityPrice per NoteYield to ...
Canadian Natural Resources: Prioritizing Shareholder Value
Seeking Alpha· 2024-11-26 03:43
Group 1 - Crude oil prices have returned to levels seen before the spike caused by the Russia-Ukraine war, indicating a stabilization in energy prices despite short-term volatility [1] - The global oil industry trends are positive, suggesting potential growth opportunities for investors [1] Group 2 - The analysis emphasizes the importance of focusing on high-quality companies with reasonable valuations rather than seeking deep discounts, which may indicate underlying issues [1] - There is a blend of hands-on experience and academic background in corporate finance, highlighting the significance of both practical and theoretical knowledge in investment decisions [1]
It's Time to Look at 3 High-Yield Large-Cap Energy Stocks
ZACKS· 2024-11-22 21:01
The Oil/Energy market has been highly volatile, recently dropping below $70 per barrel. Concerns over weaker global demand, lackluster Chinese economic stimulus, and a surging U.S. dollar have weighed on market sentiment. On Thursday, Brent crude settled at $74.23 a barrel, while WTI finished at $70.10 — both still down on a year-to-date basis. Analysts warn that the planned production increases of OPEC+ could further depress prices, despite geopolitical uncertainties.High-Yield Stocks: A Cushion for Invest ...
Canadian Beats on Q3 Earnings & Revenues, Increases Dividend
ZACKS· 2024-11-14 14:36
Core Viewpoint - Canadian Natural Resources Limited (CNQ) reported third-quarter 2024 adjusted earnings per share of 71 cents, exceeding the Zacks Consensus Estimate of 67 cents, primarily due to reduced year-over-year expenses, although the bottom line declined from 97 cents in the previous year due to lower production and weaker commodity prices [1] Financial Performance - Total revenues for the quarter were $6.5 billion, down from $7.4 billion in the prior-year period, attributed to reduced product sales, but still surpassed the Zacks Consensus Estimate of $6.4 billion [2] - The company returned approximately C$1.9 billion to shareholders in Q3 2024, which included C$1.12 billion in dividends and C$0.74 billion through share repurchases [4] - Year-to-date, as of October 30, 2024, CNQ has returned approximately C$6.7 billion to shareholders, consisting of C$4.4 billion in dividends and C$2.3 billion through share repurchases [5] Production and Prices - CNQ reported quarterly production of 1,363,086 barrels of oil equivalent per day (Boe/D), a decrease of 2.2% from the prior-year quarter, and below the estimate of 1,402,141 Boe/D [6] - Oil and natural gas liquid (NGL) output decreased to 1,021,572 barrels per day (Bbl/d) from 1,035,153 Bbl/d a year ago, although it exceeded the estimate of 1,016,181 Bbl/d [6] - Natural gas volumes totaled 2,049 million cubic feet per day (MMcf/d), down 4.7% from 2,151 MMcf/d in the previous year, and also missed the estimate of 2,316 MMcf/d [8] - The realized natural gas price decreased 65.8% to 77 Canadian cents per thousand cubic feet from C$2.25 a year ago, missing the prediction of C$1.88 [9] Costs and Capital Expenditure - Total expenses in the quarter were C$6.08 billion, down from C$6.75 billion in the prior-year period, due to lower production costs and financing expenses [12] - Capital expenditure totaled C$1.3 billion, compared to C$1.1 billion a year ago [13] Balance Sheet - As of September 30, CNQ had cash and cash equivalents of C$721 million and long-term debt of C$8.4 billion, with a debt to total capital ratio of approximately 20.1% [14] Guidance - CNQ expects to strengthen its market position in 2024, increasing contracted crude oil transportation capacity to 256,500 Bbl/d, which supports long-term sales strategy and reduces exposure to egress constraints [15] - For 2024, CNQ anticipates total annual output between 1,330,000 Boe/d and 1,380,000 Boe/d, with liquid production expected in the range of 977-1,008 thousand Boe/d [16][17] - The company projects total capital expenditure of C$5,420 million for 2024, with allocations for both conventional and thermal operations [18]
Canadian Natural Resources Q3: Another Solid Quarter
Seeking Alpha· 2024-11-08 03:31
Laurentian Research is a resource industry veteran with a Ph.D. in geoscience and decades of investment experience. He leads the investing group The Natural Resources Hub, with an aim of helping membes uncover undervalued opportunities in the energy and mining sectors with multi-bagger potential. He is also passionate about helping members find dividend growth opportunities from long-term growth industries. Members get weekly newsletters, proprietary in-depth analyses, trade alerts, model portfolios, privat ...
Canadian Natural Resources(CNQ) - 2024 Q3 - Earnings Call Transcript
2024-10-31 19:20
Canadian Natural Resources Limited (NYSE:CNQ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Lance Casson - IR Scott Stauth - COO, Oil Sands Mark Stainthorpe - CFO Conference Call Participants Dennis Fong - CIBC Neil Mehta - Goldman Sachs Greg Pardy - RBC Capital Markets Manav Gupta - UBS Menno Hulshof - TD Cowen Patrick O'Rourke - ATB Capital Markets Operator Good morning. We would like to welcome everyone to Canadian Natural's 2024 Third Quarter Earnings Conference Call ...
Top Pick Alert: Why I Just Became Even More Bullish On Canadian Natural Resources
Seeking Alpha· 2024-10-31 19:10
Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .I'm a fan of catchy titles. By now, I doubt that comes as a surprise to many. However, I also made the promise to never clickbait readers or lie about my investments.Analyst’s Disclosure: I/we have a beneficial long position in the shares of CNQ either through stock ownership, o ...