AllAnalyst Report
logoMorningstarMarch 08, 2021

Canadian Natural Resources Limited: Houthi Attack Has No Impact on Crude Supply, but Geopolitical Tensions Remain

Symbols
CNQ
Sector(s)
Energy
Rating
Current Price
$77.34
Fair Value
Economic Moat
Stewardship
Summary

Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company’s portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.10 million barrels of oil equivalent per day in 2019

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Analyst Profile

Joe Gemino

Senior Equity Analyst
Joe Gemino, CPA, is a senior equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc.. He covers Canadian oil and gas companies.Before joining Morningstar in 2015, Gemino held equity analyst roles for Goldman Sachs and Gate City Capital Management. Before business school, he was a technical accountant for Citigroup and Northern Trust.Gemino holds a bachelor’s degree and a master’s degree in accountancy from the University of Notre Dame along with a master’s degree in business administration from the University of Chicago Booth School of Business. He holds the Certified Public Accountant designation.