Latest news with #CanadianNaturalResources
Yahoo
3 days ago
- Business
- Yahoo
National Bank Raises Canada Natural Resources (CNQ) PT to C$45
Canadian Natural Resources Limited (NYSE:CNQ) is one of the cheap Canadian stocks to buy now. On July 17, National Bank raised its price target for Canadian Natural Resources to C$45 from C$43, while maintaining a Sector Perform rating on the shares. The adjustment shows an updated evaluation of the firm's prospects and aligns with investor expectations. The company achieved rea cord quarterly production of ~1.82 million barrels of oil equivalents/BOEs per day in Q1 2025. Record Synthetic Crude Oil/SCO production reached 595,000 barrels per day, which was a 34% year-over-year increase. A pipeline snaking through a desert canyon, representing a energy's transport infrastructure. Canadian Natural Resources also reported adjusted funds flow of ~$4.5 billion and adjusted net earnings of $2.4 billion. However, cold weather has impacted operations at Canadian Natural Resources, and there is uncertainty surrounding the timing of a Shell swap, which could influence future volume guidance. The WTI breakeven cost in the low to mid-$40s could be pressured by lower commodity prices. Canadian Natural Resources Limited (NYSE:CNQ) is an energy company that acquires, explores, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids/NGLs in Western Canada, the UK sector of the North Sea, and Offshore Africa. While we acknowledge the potential of CNQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
5 days ago
- Business
- Yahoo
1 Dividend King Down 17% Is My Top Value Pick
Written by Jitendra Parashar at The Motley Fool Canada Dividend investing mainly requires patience, and sometimes, that patience gets tested. That's exactly what's happening with Canadian Natural Resources (TSX:CNQ) right now. Despite its consistent dividend growth and stable business model, the stock has slipped over 17% from its 52-week high. It's not an easy pill to swallow, but we must not forget that its long-term fundamentals still look solid. In fact, the company is producing record volumes, maintaining top-tier operational efficiency, and returning billions to shareholders. While the market might temporarily be reacting to short-term pressures, I see this correction as a long-term gift. In this article, I'll share why Canadian Natural Resources has become my top value pick right now and what makes it too attractive to ignore. My top value pick for income investors Being one of Canada's largest energy companies, Canadian Natural Resources operates in oil sands, natural gas, and offshore projects. Based in Calgary, it's known for long-life, low-decline assets that help it generate consistent cash flows. CNQ stock is currently trading at $43.14 per share with a market cap of $90.2 billion. On the brighter side, the recent decline in its stock has made its annualized dividend yield look more attractive, which currently stands at 5.5%. Now, despite CNQ stock being down over 17% from its 52-week high, the company hasn't shown any signs of weakness. In fact, Canadian Natural Resources reported record-breaking production in the first quarter of 2025, with its total output reaching 1.6 million barrels of oil equivalent per day. That included record quarterly synthetic crude oil production of 595,000 barrels per day with the help of high utilization at its oil sands operations and strategic upgrades completed last year. Financials remain strong The company's first-quarter financials were just as impressive as its operational results. During the quarter, its adjusted earnings came in at $2.4 billion or $1.16 per share. It also reported adjusted funds flow of $4.5 billion, showing its ability to consistently generate strong cash flow, even in a slightly weaker pricing environment. Higher production volumes, better cost control, and strong realized prices were some of the key factors that helped Canadian Natural Resources post strong financials last quarter. Its synthetic crude sold for over $95 per barrel during the quarter, which significantly lifted its margins. Meanwhile, lower energy costs and high utilization drove down its operating costs across segments, including a 12% year-over-year drop in its oil sands mining costs and a 20% drop in thermal in-situ operations. These factors make it even more attractive In recent years, Canadian Natural Resources has been stepping up production while finding better, more efficient ways to operate. The company recently reduced its 2025 capital budget by $100 million without cutting into its production plans. It's also seeing positive results from its Duvernay acquisition, where it expects better-than-planned production and cost savings this year. In addition, its oil sands mining operations are among the most cost-effective in the industry, with long-life assets making up the majority of production. In short, Canadian Natural Resources has the scale, cash flow, and operational discipline to ride through market cycles — while paying investors a growing stream of dividends. These dividends have been increased for 25 consecutive years. These factors make it my top value pick right now. The post 1 Dividend King Down 17% Is My Top Value Pick appeared first on The Motley Fool Canada. Should you invest $1,000 in Canadian Natural Resources right now? Before you buy stock in Canadian Natural Resources, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Canadian Natural Resources wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 3 Canadian Companies Powering the AI Revolution A Commonsense Cash Back Credit Card We Love Fool contributor Jitendra Parashar has positions in Canadian Natural Resources. The Motley Fool recommends Canadian Natural Resources. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
1 Magnificent Canadian Energy Stock Down 22% to Buy and Hold for Decades
Written by Andrew Walker at The Motley Fool Canada Canadian Natural Resources (TSX:CNQ) saw its share price take a hit over the past year as oil prices fell from their 2024 highs. Investors who missed the bounce off the April low are wondering if CNQ stock is still undervalued and good to buy for a self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) focused on dividends and total returns. Canadian Natural Resources stock price CNRL trades near $43 per share at the time of writing. The stock is down from a high around $55 last year. It slipped as low as $35 during the market rout a few months ago. CNRL is a giant in the Canadian energy patch. The company owns a diversified portfolio of assets, including oil sands, conventional heavy oil, conventional light oil, offshore oil, natural gas liquids, and natural gas production and reserves. CNRL is typically the sole owner or majority owner of its businesses. This gives management the flexibility to quickly move capital around the portfolio to take advantage of positive shifts in commodity prices. In addition, CNRL's size and strong balance sheet enable the company to make large strategic acquisitions at opportune times to boost earnings and reserves. For example, the company spent US$6.5 billion in 2024 to buy the Canadian assets owned by Chevron. CNRL says its breakeven West Texas Intermediate (WTI) oil price is around US$40 to US$45 per barrel. At the time of writing, WTI trades near US$66 per barrel. That's down from more than US$80 last year, but still at a level where CNRL can generate decent margins. The large natural gas division provides a good hedge against lower oil prices. Natural gas prices are higher in 2025 than they were through most of the past two years. Oil market outlook Aside from brief spikes due to geopolitical events, the price of oil has trended lower over the past year. This is due to weak demand from China and concerns that tariffs imposed by the United States will lead to a recession in the American and global economies. At the same time, OPEC intends to increase supply to regain lost market share. Non-OPEC producers, including Canada and the United States, are also increasing production. As such, analysts widely expect oil prices to remain under pressure through the rest of 2025 and into 2026. That being said, a major geopolitical disruption in the Middle East or an announcement of a concrete trade deal between the U.S. and China could push oil prices higher as traders adjust demand and supply expectations. Dividends CNRL raised its dividend in each of the past 25 years. This is a great track record for a business that relies on commodity prices to determine its margins. Investors who buy CNQ stock at the current level can get a dividend yield of 5.5%. The company continues to generate solid earnings through increased production from acquisitions and the drilling program. This should support ongoing dividend growth. Time to buy? Near-term volatility is expected and the stock could easily retest the 2025 low if trade negotiations between the U.S. and its largest trading partners go off the rails. That being said, dividend investors might want to start nibbling on the stock at this price point and look to add to the position on further weakness. At the current yield, you get paid well to ride out some turbulence. The post 1 Magnificent Canadian Energy Stock Down 22% to Buy and Hold for Decades appeared first on The Motley Fool Canada. Should you invest $1,000 in Canadian Natural Resources right now? Before you buy stock in Canadian Natural Resources, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Canadian Natural Resources wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 3 Canadian Companies Powering the AI Revolution A Commonsense Cash Back Credit Card We Love The Motley Fool recommends Canadian Natural Resources. The Motley Fool has a disclosure policy. Fool contributor Andrew Walker has no position in any stock mentioned. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-07-2025
- Business
- Yahoo
2 Unloved Stocks Down 20% to Buy Before They Recover
Source: Getty Images Written by Andrew Walker at The Motley Fool Canada Canadian National Railway Company (TSX:CNR) and Canadian Natural Resources (TSX:CNQ) are down more than 20% from their 2024 highs. Contrarian investors are wondering if CNR and CNQ are now oversold and good to buy for a self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) focused on dividend growth and long-term total returns. Canadian National Railway CN trades near $136 per share at the time of writing, compared to $180 at one point last year. The stock bounced off the 2025 low of $130 to as high as $150 in May, but has since given back a good chunk of the gain. The downturn through most of 2024 can be attributed to labour disputes and wildfires that disrupted operations last year. Worker strikes at CN and the ports it serves forced shippers to find alternative routes to get their cargoes to customers. In addition, wildfires in Alberta caused delays along CN's rail network. The combination of the interruptions drove up expenses and cut into expected revenue levels. For the full year in 2024, CN generated a small increase in revenue compared to 2023, but profits dropped. In 2025, the continued weakness is due to uncertainty around U.S. tariffs. Investors are waiting for clarity on trade negotiations between the United States and Canada, along with U.S. negotiations with other key trading partners, including China. CN operates roughly 20,000 route miles of tracks connecting ports on the Atlantic and Pacific coasts of Canada to the Gulf Coast in the United States. High U.S. tariffs could trigger a recession in both the United States and Canada, as well as across the globe. This would impact demand for CN's services. Headwinds could persist for the stock in the coming months, but trade deals will eventually get done, and businesses will resume placing orders for commodities and finished goods that need to move along CN's network. In the first-quarter (Q1) 2025 earnings report, CN said it expects to deliver adjusted diluted earnings per share (EPS) growth of 10% to 15% in 2025 compared to last year. Assuming that turns out to be the case, the stock is probably undervalued right now. CN raised the dividend by 5% for 2025 and has increased the distribution annually for the past 29 years. Investors who buy CN stock at the current price can get a dividend yield of 2.6%. Canadian Natural Resources CNRL trades near $42 per share at the time of writing, compared to $55 at the high point in 2024. Falling oil prices are to blame for most of the decline. Investors might also have punished the stock a bit after CNRL spent US$6.5 billion late last year to buy Chevron's Canadian assets. CNRL took on some extra debt to fund the deal. Energy investors increasingly want companies to reduce debt and return more cash to shareholders rather than pursue aggressive growth.
Yahoo
21-07-2025
- Business
- Yahoo
This Oil and Gas Producer Has Raised its Dividend for 25 Consecutive Years
Canadian Natural Resources Limited (NYSE:CNQ) is included among the 12 Best Oil and Gas Dividend Stocks to Buy Now. A vast oil rig pumping crude oil during a sunset, emphasizing the company's focus on oil & gas exploration and production. Canadian Natural Resources Limited (NYSE:CNQ) has increased its dividend for 25 consecutive years with a CAGR of 21% over the period, putting it among the 11 Best Canadian Dividend Stocks to Buy Now. In 2024 alone, the company approved three dividend increases and has already raised the payout again in 2025, despite weaker oil prices. CNQ announced a quarterly dividend of $0.5875 per share in May and currently boasts an annual dividend yield of 5.52%. Canadian Natural Resources Limited (NYSE:CNQ)'s industry-leading cost structure and predictable, long-life, low decline assets and reserve base allow it to have a break-even that remains in the low-to-mid $40 WTI range. This enables the company to remain profitable and sustain shareholders' payouts even during periods of excessive market volatility. Canadian Natural Resources Limited (NYSE:CNQ) is one of the largest independent crude oil and natural gas producers in the world. continuing operations in its core areas located in Western Canada, the UK portion of the North Sea, and offshore Africa. While we acknowledge the potential of CNQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
