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Canadian Natural Resources Limited (CNQ.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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67.44+0.20 (+0.30%)
At close: 04:00PM EDT
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  • K
    Kenny
    do u guys think cnq will get back to 85 dollar's
  • U
    Ultee
    The financial position of the Company is very robust and net debt is targeted to decrease rapidly with significant free cash flow generation allowing for incremental returns to shareholders, as such the Board of Directors has declared a special cash dividend on its common shares of C$1.50 (one dollar and fifty cents) per common share. The dividend will be payable on August 31, 2022 to shareholders of record at the close of business on August 23, 2022.
    Bullish
  • r
    raat420
    One of the best Company in the horizon. Proved it by performance and payout. Hedge funds and shorters fun will be short lived.
    Bullish
  • i
    i i
    wow special dividends!
  • J
    Jimmy
    I should have bought this stock instead of Suncor. FML
  • E
    Elusive
    anyone holding this?
  • r
    raat420
    Big SPR release in one day helped the price manipulators. Do not look at the short term. CNQ is one of the best company in the market.
    Bullish
  • J
    Jasmin
    3.26cad eps and 1.5cad special
  • K
    Kieffer
    Crazy how an amazing earnings AND a special dividend only brings it up so little...
    Bullish
  • G
    Gerald
    Just bought another 300 shares, Cibc has a target of 93 Canadian on it
  • T
    The Realist
    Release Delayed?........
  • J
    J
    Will we get a dividend increase soon??
  • T
    The Patient Lion 🦁
    This is a silent millionaire maker 😄
  • J
    J
    Could a stock split be coming. The last split happened in this price range
  • M
    Mahendra
    Excellent result, special dividend, why stock is down today by 2.2%
  • F
    Foster
    @raat420 Are you aware that CNQ is not actually an integrated Energy company? We don't do any refining. I am not sure what your post below is referring to regarding refining value? SU and IMO both do refining and retail as well as production, that would make them integrated. What integrated project are you typing about? Note, I am long CNQ and have been for many years now. I don't own SU but I do own IMO.
  • L
    Lou
    Any M&A news with CNQ?
  • T
    The Patient Lion 🦁
    Excellent earnings as expected, but the sp follows the downward oil price it seems. Hope it steadily goes up in weeks to come.
  • N
    Night Fire
    -----CNQ emphasized that its long-life low-decline portfolio and low-cost structure afford a low WTI break-even and sustainable free cash flow generation. -----The company highlighted its 32-day planned turnaround at Horizon was completed in 24 days (ahead of schedule), however its turnaround at the Scotford Upgrader, which was planned for 65 days, went 17 days longer than scheduled, lasting about 82 days in total. -----With respect to its conventional and thermal segments, CNQ has drilled 22 wells ahead of budget, due to strong drilling performance. -----The company highlighted that it is successfully mitigating inflationary cost pressures with #$%$ costs falling within 1% of budget per well, however, the company is experiencing a 20%-30% increase in input costs for commodities such a steel and copper, etc. CNQ is experiencing similar cost pressures to its operating costs for inputs such as fuel and power. -----CNQ is consuming about 800 mmcf/d of natural gas as a source of fuel in its thermal operations and elsewhere, but is net long natural gas to the tune of about 1.2 bcf/d in western Canada given its production rates of approximately 2.0 bcf/d.-----On the A&D front, CNQ noted that it remains product agnostic towards oil or natural gas development given its diversified portfolio. The decision to allocate capital revolves around generating attractive rates of return. -----CNQ?s sustaining capital in 2022 sits at about $3.6 billion. Due primarily to increasing production and some inflationary pressures, its 2023 sustaining capital could be in the $3.6-$4.0 billion range. -----CNQ highlighted, as a result of good drilling efficiency performance, that it is contemplating backfilling/maintaining a level-loaded drilling program of its conventional and thermal wells to the end of this year. -----At Horizon, the reliability enhancement project is progressing as planned. The project is targeted to extend the major maintenance cycle from once per year to once every other year (which should add about 5,000 bbl/d of SCO capacity in 2023, rising to approximately 14,400 bbl/d in 2025). -----The company suspects it will achieve its $8.0 billion net debt target in the fourth-quarter of this year or early next year, at which point CNQ will look to provide incremental returns to shareholders which could include increased base dividends, special dividends or accelerated share buybacks. -----CNQ continues to look upon its share price as trading well below its intrinsic value.------The company has no plans to invest in LNG liquefaction and believes that the best natural gas marketing approach is to maintain its diversified natural gas portfolio.
  • C
    Chris
    Buy the dip alert. This is now trading below the 200DMA. The day before record revenue and earnings. You've been notified.
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