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International opportunities, income, and M&A activity were on investors' minds in September. Stock analysis for Canadian Natural Resources Ltd (CNQ:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile.
Terms of Use Privacy Policy Disclosures Member User Agreement Corrections Cookies. The Morningstar Ultimate Stock-Pickers Team, Deluge of New Issues Pressures Corporate Credit Spreads. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Production averaged 1.10 million barrels of oil equivalent per day in 2019, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves. Privacy Policy and U.S. tight oil remains front and center for investors and market observers, for good reason. What Investors Were Researching in September. Most actively traded companies on the Toronto Stock Exchange. Canadian Natural Resources Gets Bargain With AOSP Deal. Investors continued to be interested in Apple and income as the stock market posted solid performance to start off 2013. We have modestly reduced the fair value estimates for our covered oil sands producers; CNRL remains a Best Idea. New issue supply fell well short of demand to put money to work last week. What Investors Were Researching in August. Terms of Service apply.
The downturn in the global equity markets provided our top managers with the opportunity to add to existing holdings and make new-money purchases. Oil and Gas Price Outlook: Updating Our Near-Term Methodology for Forecasting Prices. Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. Storage Fears Spark Epic Collapse for WTI Crude. Sticking With Commodities Despite the Drop. In isolation, this will be a valuation tailwind for our coverage, but in most cases it will be modest. Energy infrastructure projects have been under fire lately, highlighted by project cancelations, legal challenges, permit denials, and political opposition. The company’s portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Stock Market Weakness Creating Pockets of Opportunity. 10 High-Conviction Buys From Our Ultimate Stock-Pickers. The Keystone XL also faces opposition from federal lawsuits that question the validity of its permits and challenges to obtaining water crossing permits after Nationwide Permit 12 was ruled invalid for new pipeline projects.
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,273.26, down 0.81 of a point. What Investors Were Researching in January. The fund is more diversified than in years past, but no less focused on quality and the long term. A closer look at a dozen resurgent U.S.-stock funds. New issue supply starting to overwhelm demand. The November U.S. presidential election could have a major impact on the future of energy infrastructure, especially on the Keystone XL. TC Energy's Keystone XL and Enbridge's Line 3 replacement are among the most controversial. Find out more about how we use your information in our Privacy Policy and Cookie Policy. The market does not appreciate their near-term resiliency nor the long-term cash flow potential. The Fed's taper dominated the headlines in August, but investors were looking for undervalued stocks, yield, and international opportunities. Google emerges as a value stock, and our managers continue to say yes to tech. Start a 14-day free trial to Morningstar Premium to unlock our take on CNQ. U.S. oil production shows strength, while political turmoil threatens the global oil supply outlook. The market decline this past week hasn't left stocks as a whole cheap, but there are growing opportunities for stock selectors. Widespread social distancing due to the coronavirus has dragged down gasoline consumption and storage utilization is rapidly climbing. )Suncor Energy Inc. (TSX:SU). We See Tremendous Long-Term Opportunity in Oil Sands. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. On the other hand, President Donald Trump has shown support for the pipeline. Our Transition to Net Asset Value Methodology for Oil Sands Producers. Readers cite diversification, inflation-hedging advantages as reasons to hold on. This upgrade is essentially a … Cenovus Energy remains our top pick among the subsector. Investors might want to bet on Canadian Natural Resources (CNQ), as it has been recently upgraded to a Zacks Rank #2 (Buy). Royal Bank of Canada. This fund's comeback from the financial crisis has been balky, but it still has promise. Ultimate Stock-Pickers: Top 10 Buys and Sells. If Democratic candidate Joe Biden is elected, it's almost assured that he will revoke the project's presidential permit, shelving the project indefinitely. While Canadian Natural Resources (TSX:CNQ) has lost significant momentum, its dividend yield of 7.9% makes the stock an attractive bet for income investors. It looks like a tossup whether the Keystone XL will be built or not.
Up 10 cents, or 0.64 per cent, to $15.66 on 9.6 million shares.
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