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: 15 2026-09-24 Canadian Natural pulls hydrocarbons out of the ground in western Canada, the North Sea and offshore Africa, and sells them at prices it does not set. Its distinction is the asset mix. Oil sands mining and upgrading supplied about 625,000 barrels per day of synthetic crude in Q2 2026, and that crude sold US$8.37 per barrel above WTI. These mines do not decline like shale wells. Once built, they need maintenance capital, not a constant treadmill of drilling. Ticker and price: CNQ.TO at CAD 67.12 (price supplied by you, September 2026) Business: Canadian Natural Resources is Canada’s …
