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Independent Oil Gas
Sure, here is some general information about Canadian Natural Resources Limited (CNQ) listed on the US stock exchange:
Company Profile:
Canadian Natural Resources Limited is a Canadian energy company that explores, produces, and markets crude oil, natural gas, and natural gas liquids. The Company's segments include Light Crude Oil, Heavy Crude Oil, Natural Gas, and Other. The Light Crude Oil segment includes the exploration, development, and production of light crude oil in Western Canada and the North Sea. The Heavy Crude Oil segment includes the exploration, development, and production of heavy crude oil in Western Canada. The Natural Gas segment includes the exploration, development, and production of natural gas in Western Canada, the North Sea, and the Gulf of Mexico. The Other segment includes the Company's interests in the North Sea, the Gulf of Mexico, and various conventional and unconventional oil or gas assets in Western Canada.
Financials:
As of Q2 2022, Canadian Natural Resources Limited (CNQ) has a market capitalization of about USD 61.47 billion.
Earnings:
In Q2 2022, CNQ's operating earnings were $2.45 per share, missing estimates by $0.22. The company had revenue of $6.48B for the quarter, compared to $6.29B in the second quarter of 2021.
Growth:
CNQ's earnings have grown by 11.6% per year on average over the last five years.
Dividends:
CNQ pays a quarterly dividend of $0.85 per share, with a dividend yield of 4.49%.
Stock Performance:
Year-to-date (YTD), CNQ's stock price has increased by 10.52%. In the past year, CNQ's stock has gained by 32.87%.
In summary, CNQ has a robust production base, a strong balance sheet, and a sustainable business model. They have streamlined their operations to optimize costs, generating notable profits. While some growth prospects may be limited, their strong free cash flow generation, attractive dividend yield, and track record of generating value for shareholders could provide an upside. However, CNQ's stock price performance and earnings growth may be affected by volatility in oil and gas markets, as the energy sector is known for its inherent cyclicality. CNQ's positive fundamentals may be offset by declining demand and volatile commodity prices.
Remember that stock performance and earnings growth may be affected by various factors, such as market volatility and industry-specific factors. Investors must research and consider their investment strategies and risk tolerance before making decisions.