CNQ Oct 2019 23.000 put

OPR - OPR Delayed Price. Currency in USD
0.0500
0.0000 (0.00%)
As of 1:38PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close0.2000
Open0.0500
Bid0.0000
Ask0.1000
Strike23.00
Expire Date2019-10-18
Day's Range0.0500 - 0.0500
Contract RangeN/A
Volume1
Open Interest71
  • These Large-Cap Stocks Offer High Earnings Yields
    GuruFocus.com

    These Large-Cap Stocks Offer High Earnings Yields

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  • Exxon Stock Offers Tremendous Value and a Great 5.1% Dividend Yield
    InvestorPlace

    Exxon Stock Offers Tremendous Value and a Great 5.1% Dividend Yield

    It has been a glum time for ExxonMobil (NYSE:XOM) shareholders. Regardless of whether you're looking at the past one year, five years, or ten years, XOM stock has been stuck in the mud. You'd have to go back to before the Great Financial Crisis since XOM stock made investors significant money.Source: Shutterstock As is often the case, however, the longer a stock trades sideways, the bigger its next move will be. XOM stock has now traded largely flat for a decade, swinging up and down but generally remaining near the $75/share mark. When it finally gets going again, expect a huge move. * 7 Reasons to Buy Canopy Growth Stock Technically, Exxon stock is primed to explode upward once it starts accelerating. Here's why Exxon's next move will be upward, and probably dramatically so.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Exxon Mobil's Huge Growth PlansInvestors tend to think of the oil and gas companies being hunkered down for a long winter, and that's generally right. As the oil slump has entered year five, many smaller firms are drastically cutting down exploration and drilling expenses. In a world of $55/barrel oil, it doesn't make sense for small operators to try to increase production.This leaves a big opportunity for companies with more scale and cheaper access to capital like Exxon Mobil. The company can, and is, making efforts to greatly improve its production in coming years. Management realizes that the world is going to need more oil. Once the current shale boom loses steam in the U.S., we'll need another round of fresh supply to replace declining reserves elsewhere.Enter Exxon, with its multi-billion dollar projects to open new production fields in places like Guyana. In fact, Exxon is getting aggressive. They are aiming to double cash flow and earnings in coming years. With so many other players pulling back their spending, Exxon with its fortress balance sheet will profitably pick up the slack. Oil May Be Peaking, But It Isn't Going Away Anytime SoonMany folks seem to confuse Exxon's (very) long-term prospects with its ability to carry on in coming years. Some analysts project that if current trends hold, by around 2050, we may see renewable energy displace fossil fuels in making up a large portion of the electric grid. And the crossover point for electric vehicles could be relatively sooner -- say in the 2030s. Exxon is well aware of this, and management has invested heavily in research for next-generation energy solutions.The fact that renewables will be growing in future decades hardly matters to XOM stock tomorrow, or even ten years from now. By 2040, the 2019 Energy Outlook estimates (see slides 11 and 13) that wind, nuclear, solar, and other renewables will still be less than one-fifth of the world's global energy supply. Even dirty coal will remain a key though shrinking player, while oil demand will be about flat, and natural gas use will continue to rise. XOM Stock Dividend Is Rock-SolidXOM stock is currently offering a more than 5% dividend yield. This is the highest dividend that the company has provided in three decades. Even in the Great Financial Crisis, XOM stock paid far less. Also, in the late 1990s, when oil was just $15/barrel, XOM stock only paid a 2-2.5% dividend. Now it pays double that.The higher dividend yield is the result of investor apathy, along with many socially-responsible funds dumping their allocations to fossil fuels altogether. Oil and gas appear to be becoming like tobacco stocks in the 1990s, shunned by investors who felt the companies were "obsolete" and harmful morally. Regardless of those concerns, cigarette companies like Altria (NYSE:MO) went on to post world-beating returns while giving off fat dividend yields.Exxon stock could perform similarly going forward. The world will need plenty of oil for at least a few more decades, and Exxon has the balance sheet to keep its dividend secure. At an AA+ credit rating, Exxon is one of the highest-rated companies out there; it could pay off its debt with just a year or two of profits if needed.As for the dividend, based on an average of recent years, Exxon's cash flow covers its payout more than three times. This indicates that the company has more than enough ongoing operations, even at relatively low oil and gas prices, to pay the 5% dividend indefinitely. And with growth projects coming online, the company will be able to continue hiking the dividend even more in coming years. XOM Stock VerdictI've been buying Exxon stock gradually over the past year. And with the recent dip under $70/share, I've gotten more aggressive in picking up shares.Admittedly, there's no imminent catalyst for Exxon shares to take off. The oil market is currently in a slump, and natural gas is oversupplied as well. Exxon's refining business is steady, and is generating large profits. That said, until oil or natural gas -- preferably both -- see an uptick, XOM stock might stay down around $70. That's true of other high-quality oil and gas stocks like Chevron (NYSE:CVX), BP (NYSE:BP), and Canadian Natural Resources (NYSE:CNQ) as well.Once prices start to lift, however, XOM stock will skyrocket. Remember that the company is planning to double earnings and cash flow over the next five years from increasing production from low-cost new areas such as Guyana. This should lift earnings to $9/share.Throw in some help from higher oil and gas prices, and EPS will reach the double digits. At the current $70/share price, that'd be a 7x P/E ratio, or less. Even a $100 share price would be no more than 10x earnings. Add in that outsized dividend yield and things look even better. Buy now, and enjoy the 5% dividend with a strong chance of big share price appreciation over the next few years as well.At the time of this writing, Ian Bezek owned XOM, BP, and CNQ stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons to Buy Canopy Growth Stock * 7 Restaurant Stocks to Leave on Your Plate * 4 Turnaround Plays to Buy Now The post Exxon Stock Offers Tremendous Value and a Great 5.1% Dividend Yield appeared first on InvestorPlace.

  • Were Hedge Funds Right About Souring On Canadian Natural Resources Limited (CNQ)?
    Insider Monkey

    Were Hedge Funds Right About Souring On Canadian Natural Resources Limited (CNQ)?

    Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of June. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]

  • Does Canadian Natural Resources Limited (TSE:CNQ) Have A Good P/E Ratio?
    Simply Wall St.

    Does Canadian Natural Resources Limited (TSE:CNQ) Have A Good P/E Ratio?

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...

  • Outlook for Oil & Gas Canadian E&P Industry Remains Favorable
    Zacks

    Outlook for Oil & Gas Canadian E&P Industry Remains Favorable

    Outlook for Oil & Gas Canadian E&P; Industry Remains Favorable

  • Why Is Canadian Natural Resources (CNQ) Down 2.1% Since Last Earnings Report?
    Zacks

    Why Is Canadian Natural Resources (CNQ) Down 2.1% Since Last Earnings Report?

    Canadian Natural Resources (CNQ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Canada's energy regulator to consider delay to Enbridge pipeline plan
    Reuters

    Canada's energy regulator to consider delay to Enbridge pipeline plan

    Canada's energy regulator on Tuesday responded to shipper complaints about Enbridge Inc's plan to switch to fixed contracts on its Mainline pipeline network by announcing a fast-track process to gather comment on the proposal that could lead to its being delayed. The unusual move from the Canadian Energy Regulator (CER), which was until this week known as the National Energy Board (NEB), comes after a slew of letters from companies including Canadian Natural Resources Ltd and Suncor Energy asking the regulator to intervene.

  • Canadian Natural (CNQ) Q2 Earnings Meet, Revenues Miss Mark
    Zacks

    Canadian Natural (CNQ) Q2 Earnings Meet, Revenues Miss Mark

    Canadian Natural (CNQ) raises its 2019 view for crude oil and natural gas liquid production from North American operations to incorporate the Devon acquisition.

  • Canadian Natural Resources Limited (CNQ) Q2 2019 Earnings Call Transcript
    Motley Fool

    Canadian Natural Resources Limited (CNQ) Q2 2019 Earnings Call Transcript

    CNQ earnings call for the period ending June 30, 2019.

  • Reuters

    UPDATE 3-Canadian Natural Resources eyes Alberta rail contracts amid pipeline congestion

    Canadian Natural Resources, the country's biggest oil and gas producer, is looking at taking on the Alberta provincial government's contracts to move crude by rail, a senior company executive said on Thursday. Shipping more crude by rail is seen as critical for Canadian oil producers due to congested pipelines that forced Alberta to order mandatory oil curtailments this year. Alberta's United Conservative Party government said in June that it would divest rail contracts amounting to 120,000 barrels of crude per day (bpd) to the private sector this fall.

  • Canadian Natural Resources eyes Alberta rail contracts amid pipeline congestion
    Reuters

    Canadian Natural Resources eyes Alberta rail contracts amid pipeline congestion

    Shipping more crude by rail is seen as critical for Canadian oil producers due to congested pipelines that forced Alberta to order mandatory oil curtailments this year. Alberta's United Conservative Party government said in June that it would divest rail contracts amounting to 120,000 barrels of crude per day (bpd) to the private sector this fall. "To go forward with it, obviously it has to make sense, but we're in the process and we're looking at it," Canadian Natural President Tim McKay said on a quarterly conference call.

  • GlobeNewswire

    Canadian Natural Resources Limited Announces Quarterly Dividend

    CALGARY, Alberta, Aug. 01, 2019 -- Canadian Natural Resources Limited announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.375.

  • GlobeNewswire

    Canadian Natural Resources Limited Announces 2019 Second Quarter Results

    CALGARY, Alberta, Aug. 01, 2019 -- Commenting on the Company's second quarter 2019 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, "Canadian Natural's.

  • Cabot (COG) Beats on Q2 Earnings, Expands Buyback, FCF Soars
    Zacks

    Cabot (COG) Beats on Q2 Earnings, Expands Buyback, FCF Soars

    Cabot Oil & Gas' (COG) overall production totaled 213.8 Bcfe (100% natural gas), 24% higher than the prior-year quarter volume of 172.4 Bcfe.

  • Oceaneering (OII) Dips on Wider Q2 Loss, Subdued Outlook
    Zacks

    Oceaneering (OII) Dips on Wider Q2 Loss, Subdued Outlook

    A bright spot in the report was Oceaneering International's (OII) free cash flow, which turned positive through the first half of 2019.

  • Analysts Estimate Canadian Natural Resources (CNQ) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Canadian Natural Resources (CNQ) to Report a Decline in Earnings: What to Look Out for

    Canadian Natural Resources (CNQ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • GlobeNewswire

    Canadian Natural Resources Limited Completes the Acquisition of Substantially All of the Assets of Devon Canada Corporation

    CALGARY, Alberta, June 27, 2019 -- Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces that the agreement to acquire substantially all of the.

  • Encana (ECA) to Gain From Output Growth, Maintains 2019 View
    Zacks

    Encana (ECA) to Gain From Output Growth, Maintains 2019 View

    Encana (ECA) expects second-quarter output within 585-595 MBOE/d, indicating a year-over-year and sequential growth of 74.5% and 4.1%, respectively, at the midpoint.

  • GlobeNewswire

    Canadian Natural Resources Limited Provides an Update on Pelican Lake and Woodenhouse Operations

    CALGARY, Alberta, June 08, 2019 -- Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) provides an update on its Pelican Lake and Woodenhouse operations..

  • Why Is Canadian Natural Resources (CNQ) Down 5.1% Since Last Earnings Report?
    Zacks

    Why Is Canadian Natural Resources (CNQ) Down 5.1% Since Last Earnings Report?

    Canadian Natural Resources (CNQ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • The Zacks Analyst Blog Highlights: Chevron, Canadian Natural Resources, Devon Energy, TC Energy and Plains All American Pipeline
    Zacks

    The Zacks Analyst Blog Highlights: Chevron, Canadian Natural Resources, Devon Energy, TC Energy and Plains All American Pipeline

    The Zacks Analyst Blog Highlights: Chevron, Canadian Natural Resources, Devon Energy, TC Energy and Plains All American Pipeline

  • Oil & Gas Stock Roundup: Deals From Chevron, Canadian Natural & TC Energy
    Zacks

    Oil & Gas Stock Roundup: Deals From Chevron, Canadian Natural & TC Energy

    Chevron (CVX) moved closer to its goal of pulling out of UK exploration and production, while Canadian Natural Resources (CNQ) decided to solidify its position on its home turf.