Canadian Natural Resources: Hedging Geopolitical Risks With This Quality Oil Producer
Canadian Natural Resources(CNQ) Seeking Alpha·2024-02-13 01:12
ImagineGolf The oil market has been a significant focus of mine since prices crashed in 2022. While fossil fuel companies rarely gain widespread attention today, they offer particularly low valuations with high free-cash-flow yields, even at today's lower oil price. More importantly, explorer and producer stocks are great hedges against geopolitical risk, considering oil and natural gas are significant targets in geopolitical conflicts, seemingly occurring in fossil fuel-producing regions. The energy ma ...