Canadian Natural Resources: Fully Priced, Good Time To Consider Switching [Seeking Alpha]
Canadian Natural Resources Limited (CNQ)
Last canadian natural resources limited earnings: 3/5 05:00 am
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US:NYSE Investor Relations:
cnrl.com/investor-information
Company Research
Source: Seeking Alpha
CNQ recently achieved its debt target and switched to 100% FCF payout to shareholders via dividends and buybacks. After the stock run-up, CNQ became one of the few fully priced names in the Canadian O&G space. With the higher stock price, there is strong insider selling, sending a bad signal to the market. There are better opportunities with high-quality names in the Canadian O&G sector, which I believe will outperform CNQ in the next 3-5 years. As Peter Lynch teaches , you make money in the stock market when the situation goes from terrible to mediocre, mediocre to good, or good to terrific. When it's terrific, it might be time to sell. Canadian Natural Resource ( NYSE: CNQ TSX: CNQ:CA ), the crown jewel among Canadian O&G (oil and gas) producers, has already achieved greatness with its huge reserves, high diversification of resources, low costs, great management, recently achieved debt target, and a 100% payout ratio. Just looking at the graph, you can see that the comp
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News
- 3 Leading Canadian Dividend Stocks Yielding Up To 6.7% [Yahoo! Finance]Yahoo! Finance
- Canadian Natural Resources (CNQ) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- These stocks are driving TSX returns this year [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- 3 Canadian Dividend Stocks Offering Yields From 3.9% To 8.6% [Yahoo! Finance]Yahoo! Finance
- Canadian Natural Resources Limited (NYSE: CNQ) was downgraded by analysts at Desjardins from a "buy" rating to a "hold" rating.MarketBeat
CNQ
Sec Filings
- 3/20/24 - Form 40-F
- 3/20/24 - Form 6-K
- 3/8/24 - Form 6-K
- CNQ's page on the SEC website