2024-05-02 14:35:01 ET
Summary
- Canadian Natural Resources is a top choice for oil and gas exposure, with deep reserves, low decline rates, and competitive breakeven prices.
- Canadian Natural Resources is committed to maximizing shareholder returns, distributing every penny of free cash flow, increasing dividends, and occasionally offering special dividends.
- The completion of the Trans Mountain pipeline project is expected to improve takeaway capacity and reduce the price difference between WCS and WTI, benefiting Canadian producers like CNQ.
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 ( 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." ...
Read the full article on Seeking Alpha
For further details see:
Canadian Natural Resources: My Top Pick For North American Oil And Gas