-0.88%
0.06%
-6.22%
-9.41%
3.22%
37.35%
138.61%
AI Spotlight on CNQ
Company Description
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs).The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf.It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa.The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975.
Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
Market Data
| Last Price | 44.41 |
| Change Percentage | -0.88% |
| Open | 44.8 |
| Previous Close | 44.8 |
| Market Cap ( Millions) | 93688 |
| Volume | 3431433 |
| Year High | 56.49 |
| Year Low | 40.02 |
| M A 50 | 45.62 |
| M A 200 | 48.09 |
Financial Ratios
| FCF Yield | 10.37% |
| Dividend Yield | 4.81% |
| ROE | 19.14% |
| Debt / Equity | 25.79% |
| Net Debt / EBIDTA | 55.87% |
| Price To Book | 2.36 |
| Price Earnings Ratio | 12.4 |
| Price To FCF | 9.65 |
| Price To sales | 2.62 |
| EV / EBITDA | 6.03 |
News
- Jan -30 - Canadian Natural Resources Maintained at Buy After Oil-Sands Asset Swap; Price Target at C$58.00
- Jan -29 - Canadian Natural Resources Limited Announces Swap Transaction
- Jan -22 - Canadian Natural Resources Limited Cautions Investors Regarding TRC Capital's Below Market "Mini-Tender" Offer
- Jan -22 - Trump’s Canadian Tariff Threat Scrambles Oil Stocks. Why Some See Opportunity.
- Jan -15 - Oil & Gas Stock Roundup: ExxonMobil's Q4 Update & Phillips 66's Acquisition in Focus
- Jan -15 - 3 Top TSX Dividend Stocks To Enhance Your Portfolio
- Jan -15 - 3 Canadian Dividend Stocks On The TSX With Up To 5.1% Yield
- Jan -13 - Vistra and Nike have been highlighted as Zacks Bull and Bear of the Day
- Jan -13 - Canadian Natural's 2025 Guidance Eyes Growth in Production and Capex
- Jan -11 - Is Canadian Natural Resources Limited (CNQ) the Best Canadian Dividend Stock to Buy For Income Investors?
- Jan -10 - Canadian Natural Resources Maintained at Buy at TPH Following 2025 Guidance; Price Target at C$58.00
- Jan -10 - Is Trudeau's Exit a Turning Point for Canada's Energy Sector?
- Jan -10 - Canadian oil and gas companies to hike output in 2025 despite tariff threat
- Jan -10 - Canada's oilpatch ramping up production in 2025 despite tariff threat
- Jan -09 - Canadian Natural Resources Sets $4.2 Billion Budget For 2025, Targets 12% Production Growth
- Jan -09 - Canadian Natural Resources Limited Announces 2025 Budget
- Jan -07 - Here's Why Hold Strategy is Apt for Canadian Natural Stock Now
- Dec -30 - The Zacks Analyst Blog Canadian Natural Resources Limited, Chevron and Kinder Morgan
- Dec -27 - 3 High-Yield Energy Giants That Are Worth a Closer Look
- Dec -18 - Is Canadian Natural Resources (CNQ) One of the Best Undervalued Energy Stocks to Buy According to Hedge Funds?
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Exploration and Production - North America
Expected Growth : 4 %
What the company do ?
Exploration and Production - North America from Canadian Natural Resources Limited refers to the company's oil and natural gas operations in North America, including exploration, development, and production activities.
Why we expect these perspectives ?
Canadian Natural Resources Limited's Exploration and Production - North America segment growth is driven by increasing crude oil and natural gas prices, improved operational efficiencies, and strategic acquisitions. Additionally, the company's focus on high-return projects, such as the Montney and Duvernay formations, and its strong balance sheet support further growth.
Segment n°2 -> Oil Sands Mining and Upgrading
Expected Growth : 3 %
What the company do ?
Oil Sands Mining and Upgrading from Canadian Natural Resources Limited involves extracting bitumen from oil sands, processing it into synthetic crude oil, and upgrading it to refinery-ready products.
Why we expect these perspectives ?
Canadian Natural Resources Limited's Oil Sands Mining and Upgrading segment growth is driven by increasing global demand for heavy crude oil, improved operational efficiencies, and strategic investments in debottlenecking and optimization projects. Additionally, the company's low-cost structure and long-life reserves support sustainable production growth.
Segment n°3 -> Midstream and Refining
Expected Growth : 2 %
What the company do ?
Midstream and Refining from Canadian Natural Resources Limited refers to the processing, transportation, and refining of crude oil into various petroleum products, such as gasoline, diesel, and jet fuel.
Why we expect these perspectives ?
Canadian Natural Resources Limited's Midstream and Refining segment growth is driven by increasing pipeline capacity, strategic acquisitions, and optimization of refining operations. Additionally, growing demand for crude oil transportation and refining services, coupled with the company's strong asset base and operational efficiency, contribute to the 2% growth rate.
Segment n°4 -> Exploration and Production - Offshore Africa
Expected Growth : 5 %
What the company do ?
Exploration and Production - Offshore Africa is a segment of Canadian Natural Resources Limited that focuses on oil and gas exploration and production activities offshore Africa.
Why we expect these perspectives ?
Canadian Natural Resources Limited's Exploration and Production - Offshore Africa segment is driven by increasing demand for oil and gas, strategic partnerships, and investments in new drilling technologies. Additionally, favorable government policies, rising crude oil prices, and growing energy demand in Africa contribute to the 5% growth rate.
Segment n°5 -> Exploration and Production - North Sea
Expected Growth : 3 %
What the company do ?
Exploration and Production - North Sea is a segment of Canadian Natural Resources Limited that focuses on oil and natural gas exploration, development, and production in the North Sea region.
Why we expect these perspectives ?
Canadian Natural Resources Limited's Exploration and Production - North Sea segment is driven by a 3% growth rate, fueled by increasing oil prices, improved operational efficiencies, and strategic investments in existing assets. Additionally, the segment benefits from the company's strong balance sheet, enabling it to capitalize on opportunities in the region.
Segment n°6 -> Inter-segment Elimination and Other
Expected Growth : 1 %
What the company do ?
Inter-segment Elimination and Other from Canadian Natural Resources Limited refers to the elimination of transactions between segments and other adjustments to reconcile to consolidated financial statements.
Why we expect these perspectives ?
Canadian Natural Resources Limited's 1% growth in Inter-segment Elimination and Other is driven by increased capital expenditures on oil sands projects, higher realized prices for crude oil and natural gas, and improved operating efficiencies. Additionally, the company's diversified asset base and strategic acquisitions have contributed to this growth.
Canadian Natural Resources Limited Products
| Product Range | What is it ? |
|---|---|
| Crude Oil | Canadian Natural Resources Limited is a major producer of crude oil, with operations in Western Canada, the North Sea, and Offshore Africa. |
| Natural Gas | The company produces natural gas from its operations in Western Canada and Offshore Africa. |
| Natural Gas Liquids (NGLs) | Canadian Natural Resources Limited produces NGLs, including ethane, propane, and butane, from its natural gas operations. |
| Bitumen | The company produces bitumen, a heavy, thick oil, from its oil sands operations in Alberta, Canada. |
| Synthetic Crude Oil (SCO) | Canadian Natural Resources Limited produces SCO from its oil sands operations, which is a high-quality, light oil. |
| Pelican Lake Heavy Oil | The company produces heavy oil from its Pelican Lake operations in Alberta, Canada. |
Canadian Natural Resources Limited's Porter Forces
Threat Of Substitutes
The threat of substitutes for Canadian Natural Resources Limited is medium due to the availability of alternative energy sources such as renewable energy and natural gas.
Bargaining Power Of Customers
The bargaining power of customers for Canadian Natural Resources Limited is low due to the company's diversified customer base and lack of dependence on a single customer.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Canadian Natural Resources Limited is medium due to the company's dependence on a few key suppliers for critical materials and equipment.
Threat Of New Entrants
The threat of new entrants for Canadian Natural Resources Limited is low due to the high barriers to entry in the oil and gas industry, including significant capital requirements and regulatory hurdles.
Intensity Of Rivalry
The intensity of rivalry for Canadian Natural Resources Limited is high due to the competitive nature of the oil and gas industry, with many established players competing for market share.
Strength
Weaknesses
Opportunities
Threats
Capital Structure
| Value | |
|---|---|
| Debt Weight | 21.79% |
| Debt Cost | 6.91% |
| Equity Weight | 78.21% |
| Equity Cost | 13.81% |
| WACC | 12.31% |
| Leverage | 27.86% |
Canadian Natural Resources Limited : Quality Control
Canadian Natural Resources Limited passed 7 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| COP | ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil … |
| EOG | EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico … |
| FANG | Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian … |
| HES | Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration … |
| DVN | Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Canadian Natural Resources
A-Score
1-Year Total Return ->
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Diamondback Energy
A-Score
1-Year Total Return ->
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EOG Resources
A-Score
1-Year Total Return ->
4
Devon Energy
A-Score
1-Year Total Return ->
5
ConocoPhillips
A-Score
1-Year Total Return ->
6
