Canadian Natural Resources Limited (CNQ)
After hours:
| Previous close | 77.53 |
| Open | 78.07 |
| Bid | 75.00 x 1000 |
| Ask | 79.14 x 800 |
| Day's range | 76.48 - 78.40 |
| 52-week range | 52.66 - 82.58 |
| Volume | |
| Avg. volume | 3,217,066 |
| Market cap | 81.731B |
| Beta (5Y monthly) | 1.97 |
| PE ratio (TTM) | 15.55 |
| EPS (TTM) | 4.92 |
| Earnings date | 01 Aug 2024 - 05 Aug 2024 |
| Forward dividend & yield | 2.94 (3.80%) |
| Ex-dividend date | 17 Jun 2024 |
| 1y target est | 83.08 |
BloombergTrans Mountain Pushed to Alter Limits to Boost Oil’s Value
(Bloomberg) -- Oil companies including Chevron Corp., Canadian Natural Resources Ltd. and Suncor Energy Inc. are pressing the operators of the expanded Trans Mountain pipeline to change certain key specifications to improve the value of the crude the conduit is carrying.Most Read from BloombergElon Musk Pledges to Grow Supercharger Business He Just DecimatedBiden Set to Hit China EVs, Strategic Sectors With TariffsAckman Scolded Over DEI Views at Closed-Door Milken SessionJim Simons, Code Breake
- Reuters
Canada pipeline squeeze set to return despite Trans Mountain start-up
As Canada's oil industry celebrates the start of the Trans Mountain pipeline expansion (TMX), some company executives and analysts are already warning that long-term production growth plans will depend on new takeaway capacity becoming available. TMX, which started commercial operations last week after years of delays, will ship an extra 590,0000 barrels per day (bpd) of oil from Alberta to the Pacific Coast. The expansion provides Canada, the world's fourth-largest oil producer, with ample pipeline space for the first time in over a decade and has helped lift benchmark heavy oil prices.
ZacksCanadian Natural's (CNQ) Q1 Earnings Fall Y/Y, Sales Beat
Canadian Natural Resources (CNQ) expects a production increase to 1,455 MBOE/d by the end of 2024, prioritizing the augmentation of thermal and oil sands mining output at 724,000-743,000 barrels per day.
