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Canadian Natural Resources Ltd (CNQ)

Toronto
Symbol
Exchange
Currency
CNQTorontoCAD
CNQNYSEUSD
CNQCBOE CanadaCAD
CNQFrankfurtEUR
Currency in CAD
Disclaimer
106.52
+0.84(+0.79%)
Closed

CNQ Comments

Analysts say 42?
the average predict will be 33-35, 42 is the optimistic target!
33/35 when? This year??
$42 is very likely, cobsidering it was climbing prior to covid. Highest was $48 last year
why the stock is going down
patient my friends!!!
Thoughts? Long play?
Anyone else watching this stock?
should we buy at C$24? or this will eventually crash to C$15/16/17?
Great combo: AECO at C$2.10, Edmonton mixed sweet at C$50 It was a good combo last week. It's an even better combo today because oil has risen significantly since last week but YGR's stock has lagged so far and it should be above C$1 now, so it will most likely close the gap in the next days once people are less hesitant and realize that oil prices are not going to drop in the next months. First, it's summer time and the summer driving season is kicking off. Second, oil rig count dropped again in the U.S. yesterday, so the shale oil supply has collapsed. Third, the OPEC deal will also remain in place, based on the latest news. Specifically, AECO exceeded C$2.10 again yesterday and has remained flat at about C$2 for the entire Q2 so far.   WTI closed at US$39 yesterday and the differential with Edmonton mixed sweet is about US$3, so Edmonton mixed sweet oil is sold about C$50 per bbl today.
So YGR.TO keeps making money now even in Q2 because its operating cost is less than C$10 per boe. You can hardly find another energy producer who is making money now at these prices. YGR is the lowest cost energy producer in Canada with operating costs being less than C$10 per boe. Given also that YGR's CapEx in Q2 is very low due to Spring Break-up and the recent cost reduction initiatives, YGR.TO generates now free cash flow that goes to debt reduction in Q2.   Thanks also to the significant recovery in oil prices over the last weeks, I believe YGR.TO will let us know in the next weeks that it has tied up  the 4 oil-weighted wells that have already been completed and are waiting to be put on stream.
Why is it down?
Why is it down?
Oil falls below $20 per Barrel
Back to 10 in a week.
perhaps, the corona V is still grounding flights
Based on?
9 US senators warn Saudi Arabia over oil price war with Russia  April 1, 2020 at 3:00 pm | Published in: Asia & Americas, Middle East, News, Saudi Arabia, US
March 18, 2020 17:06 ET | Source: Canadian Natural Resources Limited CALGARY, Alberta, March 18, 2020 (GLOBE NEWSWIRE) -- Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) is providing a corporate update on its capital flexibility and its continued focus on effective and efficient operations.
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