Lots of upside seen for Canada oil sands names as big headwinds fade, RBC says [Seeking Alpha]
Canadian Natural Resources Limited (CNQ)
Last canadian natural resources limited earnings: 3/5 05:00 am
Check Earnings Report
US:NYSE Investor Relations:
cnrl.com/investor-information
Company Research
Source: Seeking Alpha
price differentials due to insufficient oil export pipeline capacity - RBC Capital analysts led by Greg Pardy argue. The likes of Canadian Natural Resources ( NYSE: CNQ ), Suncor Energy ( SU ), Cenovus Energy ( CVE ), Imperial Oil ( IMO ) and MEG Energy ( OTCPK:MEGEF ) could see potential upside of 18% if they trade like an average European major on 2024 free cash flow yields, and achieving U.S. metrics would point to 38% upside, Pardy and company says. As net debt floors are achieved - with Canadian Natural ( CNQ ) already there - the analysts say oil sands producers are poised to return a greater share of free cash flow to shareholders via issuer bids and dividends of all kinds, driving dividend growth per share. The 590K bbl/day Trans Mountain pipeline expansion is a "game changer," Pardy and team say, slated for in-service during Q2 2024, with excess export pipeline capacity in western Canada poised for 200K-300K bbl/day once TMX is in service, expecting WCS-WTI spreads will
Show less
Read more
Impact Snapshot
Event Time:
CNQ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CNQ alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CNQ alerts
High impacting Canadian Natural Resources Limited news events
Weekly update
A roundup of the hottest topics
CNQ
News
- Shell Sold Millions In Carbon Credits That It Never Earned [zero hedge]zero hedge
- Three Leading Canadian Dividend Stocks With Yields Up To 5.5% [Yahoo! Finance]Yahoo! Finance
- Canadian Natural Resources (TSE:CNQ) Has Announced A Dividend Of CA$1.05 [Yahoo! Finance]Yahoo! Finance
- 5 TSX Stocks With High Dividend Growth to Buy Now [Yahoo! Finance Canada]Yahoo! Finance Canada
- Tracking Yacktman Asset Management Portfolio - Q1 2024 Update [Seeking Alpha]Seeking Alpha
CNQ
Sec Filings
- 5/6/24 - Form 6-K
- 5/3/24 - Form 6-K
- 5/2/24 - Form 6-K
- CNQ's page on the SEC website