Canadian Natural Resources at $67: A Great Oil Business Priced for a High Oil PriceRead More »
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Canadian Natural Resources at $67: A Great Oil Business Priced for a High Oil Price
Views: 150 2026-09-24 Canadian Natural Resources is Canada’s largest oil and gas producer, with a record 1.68 million barrels of oil equivalent per day in Q2 2026, about three quarters liquids. Its core is oil sands mining and upgrading at Horizon and the Athabasca Oil Sands Project: long-life, low-decline synthetic crude at about US$16 per barrel operating cost. It also runs thermal in situ, conventional, offshore and gas operations. It sells at global prices less Canadian differentials and returns cash through a dividend raised for 26 consecutive years and through buybacks. Ticker and price: CNQ.TO at CAD 67.12 Intrinsic value, …
