Dernières nouvelles pour Canadian Natural Res (NYSE:CNQ) Stock

Canadian Natural Res

Canadian Natural Resources Ltd is an independent crude oil and natural gas exploration, development, and production company. The Company's exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. The Company's exploration and production activities are conducted in three geographic segments: North America, the North Sea, and Offshore Africa. These activities include exploring, developing, producing, and marketing crude oil, natural gas liquids, and natural gas. The company has two divisions; Oil Sands Mining and Upgrading, Midstream and Refining. It derives a majority of its revenue from North America.

Canadian Natural Resources Limited Common Stock

Canadian Natural Resources Ltd

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Canadian Natural Resources shares are trading lower after the company priced $1.5 billion in 5- and 10-year USD notes and C$500 million in 7-year CAD notes.

<figure class="table"> 
<table>
<tbody>
<tr>
<td>Note</td>
<td>Coupon</td>
<td>Principal</td>
<td>Maturity</td>
<td>Price per Note</td>
<td>Yield to Maturity</td>
</tr>
<tr>
<td>5 year USD notes</td>
<td>5.00%</td>
<td>US$750,000,000</td>
<td>December 15, 2029</td>
<td>US$99.968</td>
<td>5.007%</td>
</tr>
<tr>
<td>10 year USD notes</td>
<td>5.40%</td>
<td>US$750,000,000</td>
<td>December 15, 2034</td>
<td>US$99.837</td>
<td>5.421%</td>
</tr>
<tr>
<td>7 year CAD notes</td>
<td>4.15%</td>
<td>C$500,000,000</td>
<td>December 15, 2031</td>
<td>C$99.836</td>
<td>4.177%</td>
</tr>
</tbody>
</table>
</figure>
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News

Reported Earlier, Canadian Natural Resources Prices $1.5B In 5- And 10-Year USD Notes And C$500M In 7-Year CAD Notes

President-elect Donald Trump and Canadian Prime Minister Justin Trudeau&#8216;s meeting last week about planned tariffs on Canada was said to be productive, but it could put several Canadian sectors <a href="https://www.benzinga.com/general/market-summary/24/11/42212364/trumps-tariff-threat-to-canada-may-disrupt-oil-markets-inflate-prices-would-likely-raise-the-price-of-fuels-says-analyst">on high alert.</a>
What Happened: Trudeau flew to Mar-a-Lago to <a href="https://www.benzinga.com/media/24/11/42252924/canadian-pm-justin-trudeau-warns-trumps-25-tariff-plan-will-hurt-americans-at-high-stakes-dinner">meet with Trump</a>, and the two political leaders ate dinner and discussed several key topics before Trump's January inauguration.
The meeting took place after Trump promised to impose 25% tariffs on Canada when he was sworn into office.
Trudeau told Trump the tariffs would hurt Canada's economy, according to sources at the dinner table, <a href="https://www.foxnews.com/politics/trump-suggests-canada-become-51st-state-after-trudeau-said-tariff-would-kill-economy-sources">per </a>Fox News.
The tariffs are being placed on Canada and Mexico due to illegal immigrants and illegal drugs flowing from those countries to the United States.
Sources said Trump was direct regarding his conversation with Trudeau, telling the Canadian leader that his country has failed to protect the border. Trump also wants to eliminate the trade deficit with Canada, estimated to be around $100 billion, according to the sources.
"So your country can't survive unless it's ripping off the US to the tune of $100 billion?" Trump reportedly said to Trudeau about the trade deficit.
The report said that if Canada can't survive with the requirements of protecting the border and fixing the trade deficit, Trump suggested that the neighboring country could become the 51st state instead.
Trudeau and others at the table nervously laughed at the suggestion, with Trump reportedly adding that the title of prime minister is better than governor. As the meeting concluded, talks between Trump and Trudeau were said to have been "very positive."
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Why It's Important: The report said Trump told Trudeau he expected changes to be made ahead of his January inauguration, or the tariffs would be placed on Canada on his first day in office.
A tariff on Canada could impact several sectors, including some of the top exporters to the United States. Crude oil, petroleum gas, vehicles, car parts, machinery, turbines, plastics, pharmaceuticals, metals and agricultural products are among the top exported items from Canada to America, as <a href="https://www.washingtonpost.com/business/2024/11/26/what-us-imports-canada-mexico-china-trump-tariffs/">reported </a>by the Washington Post.
Large Canadian oil companies Suncor Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>), Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>), Canadian Natural Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) and TC Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>) could face significant impacts from the tariffs and a potential blow to the sector.
Railway company Canadian Pacific Kansas City Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) and trucking companies Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) and Knight-Swift Transportation Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) could also be impacted by the tariffs and the negative impact on trade between the United States and Canada.
Canadian ETFs like the iShares MSCI Canada Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWC#NYSE">EWC</a>), JPMorgan BetaBuilders Canada ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BBCA#BATS">BBCA</a>), Franklin FTSE Canada ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLCA#NYSE">FLCA</a>) and Invesco CurrencyShares Canadian Dollar Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXC#NYSE">FXC</a>) could also be impacted by the potential trade war.
Canada is the second-largest trade partner with the United States, with $418 billion in goods imported from Canada in 2023 and $354 billion in goods exported to the country.
Goldman Sachs economists predict that Canada's gross domestic product<a href="https://www.benzinga.com/24/12/42291861/trumps-tariff-plan-risks-economic-pain-for-north-america-goldman-sachs-warns" target="_blank" rel="noopener"> could decline</a> by as much as 4% if Trump&#8217;s 25% tariff plan is enacted. The plan could also hurt the U.S. GDP, the analysis said.
"A large increase in tariffs on North American imports would entail significant economic costs, particularly for Canada and Mexico," Goldman Sachs economists said.
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Photo: Shutterstock

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Trump Told Trudeau Canada Could Dodge Tariffs As 51st State: Which Sectors Could Be Hit

Canadian Natural Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) has outperformed the market over the past 5 years by 6.39% on an annualized basis producing an average annual return of 20.03%. Currently, Canadian Natural Res has a market capitalization of $73.54 billion. 
Buying $1000 In CNQ: If an investor had bought $1000 of CNQ stock 5 years ago, it would be worth $2,491.24 today based on a price of $34.80 for CNQ at the time of writing.
<h3>Canadian Natural Res's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732543250_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,500 Today

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Shares of oil and gas companies are trading higher After Donald Trump wins the 2024 presidential election.

Canadian Natural Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) has outperformed the market over the past 20 years by 1.89% on an annualized basis producing an average annual return of 10.23%. Currently, Canadian Natural Res has a market capitalization of $71.85 billion. 
Buying $100 In CNQ: If an investor had bought $100 of CNQ stock 20 years ago, it would be worth $684.09 today based on a price of $34.00 for CNQ at the time of writing.
<h3>Canadian Natural Res's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730912469_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Canadian Natural Res 20 Years Ago Would Be Worth This Much Today

RBC Capital analyst Greg Pardy reiterates Canadian Natural Res (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#TSX">CNQ</a>) with a Outperform and maintains C$63 price target.

Price Target

Reiteration

Analyst Ratings

TSX:CNQ

RBC Capital Reiterates Outperform on Canadian Natural Res, Maintains C$63 Price Target

RBC Capital analyst Greg Pardy maintains Canadian Natural Res (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#TSX">CNQ</a>) with a Outperform and raises the price target from C$62 to C$63.

RBC Capital Maintains Outperform on Canadian Natural Res, Raises Price Target to C$63

Canadian Natural Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) reported quarterly earnings of $0.97 per share which beat the analyst consensus estimate of $0.89 by 8.99 percent.

Earnings

Earnings Beats

Canadian Natural Res Q3 2024 Adj. EPS $0.97 Beats $0.89 Estimate

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Shares of oil and oil-related companies are trading lower after Israel reportedly did not damage Iran's oil sites amid strikes over the weekend.

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Shares of energy stocks are trading lower as oil prices fall after Israel reportedly indicated it could target military sites in Iran but not oil or nuclear targets.

Investors in Canadian Natural Resources Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnq#NYSE">CNQ</a>) need to pay close attention to the stock based on moves in the options market lately. That is because the Nov. 15, 2024 $60.00 Call had some of the highest implied volatility of all equity options today.
<h2>What is Implied Volatility?</h2>
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
<h2>What do the Analysts Think?</h2>
Clearly, options traders are pricing in a big move for Canadian Natural Resources shares, but what is the fundamental picture for the company? Currently, Canadian Natural Resources is a Zacks Rank #3 (Hold) in the Oil and Gas - Exploration and Production - Canadian industry that ranks in the Bottom 27% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while three analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 82 cents per share to 71 cents in that period.
Given the way analysts feel about Canadian Natural Resources right now, this huge implied volatility could mean there&#39;s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
<a href="https://www.zacks.com/stock/news/2350099/implied-volatility-surging-for-canadian-natural-resources-cnq-stock-options?cid=CS-BENZ-FT-tale_of_the_tape|options-2350099">To read this article on Zacks.com click here.</a>

Large Cap

Options

Markets

Implied Volatility Surging for Canadian Natural Resources Stock Options

Canadian Natural Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) has outperformed the market over the past 5 years by 10.3% on an annualized basis producing an average annual return of 24.46%. Currently, Canadian Natural Res has a market capitalization of $79.80 billion. 
Buying $1000 In CNQ: If an investor had bought $1000 of CNQ stock 5 years ago, it would be worth $2,967.81 today based on a price of $37.51 for CNQ at the time of writing.
<h3>Canadian Natural Res's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728671418_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $3,000 Today

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Shares of energy companies are trading lower, pulling back after recently rising amid Middle East tensions. China stimulus uncertainty may also be impacting the demand outlook.

RBC Capital analyst Greg Pardy maintains Canadian Natural Res (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#TSX">CNQ</a>) with a Outperform and raises the price target from C$59 to C$62.

RBC Capital Maintains Outperform on Canadian Natural Res, Raises Price Target to C$62

Canadian Natural Resources shares  re trading higher after the company announced it entered into an agreement to acquire Chevron Canada 20% interest in the Athabasca Oil Sands Project. Also, the company increased its quarterly dividend.

Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) and Canadian Natural Resources Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) shares are trading higher premarket on Monday. Chevron&#8217;s subsidiary penned a deal to sell a stake in several projects and assets to Canadian <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41202019/chevron-announces-us-6-5-bn-sale-of-its-interests-in-the-athabasca-oil-sands-project-and-duvernay-" rel="noreferrer noopener">Natural Resources for $6.5 billion in cash</a>.
In particular, the oil and gas giant plans to sell its 20% non-operated stake in the Athabasca Oil Sands Project, 70% operated interest in the Duvernay shale, and related Alberta assets.
This sale is part of Chevron&#8217;s plan to divest $10 billion-$15 billion in assets by 2028 to <a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36713815/chevron-eyes-sale-of-canadas-duvernay-shale-gas-assets-to-trim-portfolio-report" rel="noreferrer noopener">streamline its global energy portfolio</a>.
The deal, effective September 1, 2024, is expected to close in the fourth quarter of 2024, pending regulatory approvals.
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41127001/analyst-questions-what-could-hess-be-worth-as-chevron-advances-in-acquisition-effor" rel="noreferrer noopener">Analyst Questions &#8216;What Could Hess Be Worth?&#8217; As Chevron Advances In Acquisition Efforts</a>
These acquisitions are expected to add approximately 122,500 BOE/d of production in 2025 and around 1,448 MMBOE in total proved plus probable reserves <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/41201955/canadian-natural-resources-limited-announces-the-acquisition-of-chevrons-alberta-assets-and-a-7-div" rel="noreferrer noopener">to Canadian Natural&nbsp;Resources portfolio</a>.
Scott Stauth, Canadian Natural&#8217;s President, said, &#8220;The light crude oil and liquids rich Duvernay assets fit well with our current operations in the area and will drive significant value from our area knowledge and significant experience in this type of resource play.&#8221;
Mark Stainthorpe, Canadian Natural&#8217;s Chief Financial Officer, said, &#8220;This is a great opportunity to add to our world class Oil Sands Mining and Upgrading asset at AOSP, as well as light crude oil and liquids rich assets in Alberta. Both of these acquisition properties are targeted to provide significant free cash flow generation on a go forward basis.&#8221;
&#8221;Having operated the AOSP mines and knowing the assets well, eliminates the risks associated with a brownfield or greenfield project. These transactions are immediately cash flow and earnings accretive to Canadian Natural shareholders.&#8221;
Along with this deal, Canadian Natural&#8217;s Board has approved a 7% dividend increase to $0.5625 per share, payable in January 2025, while post-acquisition free cash flow expected to be allocated 60% to shareholders and 40% to debt reduction unti<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/41201957/canadian-natural-resources-limited-announces-increased-quarterly-dividend" rel="noreferrer noopener">l net debt reaches $15 billion</a>.
Last month, Chevron announced that the Federal Trade Commission (FTC) completed an antitrust review of its merger with&nbsp;Hess Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>), satisfying a critical <a target="_blank" href="https://www.benzinga.com/government/24/09/41098199/ftc-clears-chevrons-53b-hess-merger-sets-restriction-for-john-hess" rel="noreferrer noopener">closing&nbsp;condition for the transaction</a>.
Investors can gain exposure to CVX via&nbsp;EA Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and&nbsp;Westwood Salient Enhanced Energy Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEEI#NASDAQ">WEEI</a>).
Price Action: CVX shares are up 1.1% at $152.40 and CNQ shares rose 2.81% at $36.54 premarket at the last check Monday.
Photo by Jonathan Weiss on Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41191633/us-energy-stocks-notch-biggest-weekly-gains-in-2-years-exxon-hits-record-highs-as" target="_blank" rel="noreferrer noopener">US Energy Stocks Notch Biggest Weekly Gains In 2 Years, Exxon Hits Record Highs As Crude Surges To $75 On Israel-Iran Jitters</a></li>
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Equities

Asset Sales

Movers

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WEEI

Chevron Sells $6.5B Assets To Canadian Natural Resources: Details

Dividends

Commodities

General

Canadian Natural Resources Has Increased The Quarterly Dividend By 7% To $0.5625 Per Share Payable At The Next Regular Quarterly Dividend Payment In January 2025

<ul>
<li>This acquisition brings Canadian Natural's total current working interest in AOSP to 90%. The acquisition adds approximately 62,500 bbl/d(1) of long life no decline Synthetic Crude Oil ("SCO") production, contributing to Canadian Natural's significant sustainable free cash flow generation. The agreement also includes the acquisition of additional various working interests in a number of other non-producing oil sands leases with aggregate acreage of approximately 267,000 gross / 100,000 net acres.</li>
<li>These acquisitions add targeted 2025 production of approximately 122,500 BOE/d, and the addition of approximately 1,448 MMBOE of Total Proved plus Probable reserves</li>
</ul>

Canadian Natural Resources Agrees To Acquire From Chevron Canada Its 20% Interest In The Athabasca Oil Sands Project And Chevron's 70% Operated Working Interest Of Light Crude Oil And Liquids Rich Assets In The Duvernay Play In Alberta For $6.5B

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Shares of energy companies are trading higher amid heightening Middle East tensions. A report suggests Iran is preparing to directly attack Israel, which could create shocks to the global economy.

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Morgan Stanley analyst Devin McDermott raised the firm's price target on Canadian Natural (CNQ) to C$52 from C$51 and keeps an Equal Weight rating ...

Canadian Natural price target raised to C$52 from C$51 at Morgan Stanley

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Cenovus Energy: At The Forefront Of Potential Tariffs

Canadian Natural (TSE:CNQ) has released an update. Canadian Natural Resources Limited has successfully priced $1.5 billion in USD notes and $500 mi...

Canadian Natural Prices Notes for Strategic Debt Management

Canadian Natural prices notes offerings

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Press Releases

Canadian Natural Resources Limited Announces Quarterly Dividend

Canadian Natural Resources Limited Announces 2024 Second Quarter Results

Canadian Natural Resources Limited Announces the Acquisition of Chevron's Alberta Assets and a 7% Dividend Increase

Canadian Natural Resources Limited Announces Increased Quarterly Dividend

Canadian Natural Resources Limited Announces 2024 Third Quarter Results

Canadian Natural Resources Limited Prices US$1,500 Million in 5 and 10 Year USD Notes and C$500 Million in 7 Year CAD Notes

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Dernières nouvelles pour Canadian Natural Res (NYSE:CNQ) Stock

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