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Stock impact report

Massive News for Canadian Stock Market Investors [Yahoo! Finance Canada]

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
Canadian oil stocks are falling due to massive news, which, if it comes true, could mark the end of a growth cycle. The U.S. president Donald Trump will meet Russian president Vladimir Putin and Ukrainian president Volodymyr Zelenskyy to negotiate the Russia-Ukraine peace talks. If the talks go as expected, some U.S. sanctions on Russian oil could be lifted. If bans are lifted, India and China can resume oil buying from Russia at a lower cost. Already, the market is witnessing an oil supply glut that has pulled down West Texas Intermediate (WTI) crude price from US$60/barrel to US$56. Canadian oil stocks in correction mode Canada's largest oil sands reserve, Canadian Natural Resources, has a breakeven cost of mid-US$40s/barrel. This is when CNQ has a cost advantage over others. In most cases, Canadian oil companies can remain profitable and sustain dividends at US$50/barrel. Hence, it comes as no surprise that CNQ's share price dipped 10% in December. Share price of other oil and Show less Read more
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