FLCA - Canadian Natural Resources: Safe 4% Yield That Just Goes Up And Up
- Canadian Natural Resources offers shareholders a 4% yield that's very likely to increase again starting Q4 2022.
- Canadian Natural carries a slightly leveraged balance sheet that is stopping it from meaningfully upwards revising its capital return program.
- I estimate that over the next twelve months, Canadian Natural Resources will make C$20 billion of free cash flow.
- This puts the stock priced at approximately 5x free cash flow.
- As always, happy to discuss my thesis further in the comments section.
For further details see:
Canadian Natural Resources: Safe 4% Yield That Just Goes Up And Up