宏观经济与政治对投资的影响 - 美国正从“货币主导”转向“财政主导”政权 美联储影响力达到顶峰并减弱 财政政策对经济产生重大影响[6] - 美国政府抵消了美联储的很多紧缩政策 两党都想重振美国制造业 都想改善基础设施和住房短缺问题 政府处于危险境地[7][8] - 美联储在通胀尚未正常化之前就考虑降息 长期通胀可能会高于平均水平[9][10] 推荐的股息投资 - 加拿大自然资源公司（CNQ）：能源股在抗通胀方面表现较好 CNQ是加拿大最大的石油生产商和第二大天然气生产商 拥有30多年的探明储量寿命 生产成本低 连续24年提高股息 目前股息率为4.2%[12][14] - CSX公司（CSX）：是作者最喜欢的股息增长股之一 自2004年以来年回报率为15.4% 过去十年回报率为288% 股息在过去十年增长了125% 5年股息复合年增长率为8.5% 派息率仅为25% 有望受益于经济回流[20][24][27] - 卡莱尔公司（CSL）：约70%的收入来自建筑材料 股息率为0.9% 派息率仅为18% 5年复合年增长率为16% 连续46年提高股息 有望受益于住房短缺和商业建筑的发展[32][33] 投资总结 - 投资格局正在发生变化 政治和宏观经济因素在塑造市场动态方面发挥着越来越重要的作用 美联储影响力正在减弱[37] - 加拿大自然资源公司、CSX公司和卡莱尔公司在利用当前趋势方面处于有利地位 提供可观的股息增长和长期收益潜力[37]

A month has gone by since the last earnings report for Canadian Natural Resources (CNQ) . Shares have added about 5.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Canadian Natural Resources due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Canadian Q2 Earnings & ...

The Zacks Oil and Gas - Exploration and Production - Canadian industry is experiencing a mix of trends that shape its outlook. The Trans Mountain Pipeline Expansion Project is a significant development, enhancing Canada's crude transportation capacity and enabling upstream operators to reach broader markets with better pricing. This infrastructure improvement is poised to strengthen the industry's global competitiveness. However, challenges persist, such as the struggle to push oil prices beyond $70 per bar ...

Canadian Natural Resources Limited (CNQ) reported second-quarter 2024 net earnings per share (EPS) of 80 Canadian cents, reflecting an increase from the prior-year quarter level of 66 Canadian cents. This outperformance can be attributed to year-over-year higher production. The Calgary-based oil and gas exploration and production company's total revenues of $6.6 billion increased from $5.9 billion reported in the year-ago period, driven by increased product sales. Additionally, the figure beat the Zacks Con ...

财务数据和关键指标变化 - 公司在第二季度实现了优秀的财务业绩,调整后的营运现金流达36亿加元,调整后的净收益达19亿加元 [45] - 公司在第二季度向股东返还了19亿加元,其中包括11亿加元的股息和8亿加元的股票回购 [46] - 公司的资产负债表保持强劲,第二季度末净债务为92亿加元,债务/EBITDA比率为0.6倍 [49] - 公司的流动性保持充足,包括银行循环信贷和现金在内的流动性约为64亿加元 [50] 各条业务线数据和关键指标变化 - 公司的液体产品产量在第二季度平均达到93.4万桶/日,天然气产量达到21亿立方英尺/日 [15] - 公司的重质原油产量在第二季度平均达到7.91万桶/日,较2023年同期增加3% [16] - 公司的Pelican Lake产量在第二季度平均达到4.5万桶/日,较2023年同期下降5% [20] - 公司的轻质原油和天然气液体产量在第二季度平均达到10.8万桶/日,较2023年同期增加5% [22] - 公司的天然气产量在第二季度平均达到21亿立方英尺/日,与2023年同期持平 [24] - 公司的热采和原位产量在第二季度平均达到26万桶/日,较2023年同期增加12% [29] - 公司的原油砂采选和升级产量在第二季度平均达到41.1万桶/日,较2023年同期增加16% [36] 各个市场数据和关键指标变化 - TMX管线在第二季度投产,有助于缩小加拿大西部原油价差,提高公司的实现价格 [13] - 由于炼厂裂解价差走弱和阿尔伯塔库存下降等因素,公司预计未来几个月原油价差将有所扩大 [79][80][81] - 由于天然气价格疲软,公司将暂缓部分天然气井的投产,以等待价格改善 [85][86] 公司战略和发展方向及行业竞争 - 公司将继续优化长水平井设计,提高重质原油产量和资源回收率 [18][19] - 公司正在评估利用IPEP技术和沥青泡沫处理技术,未来有望增加19.5万桶/日的原油产能 [41] - 公司需要政府提供有利的财政政策支持,才能推进碳捕集利用与封存(CCUS)等长期项目 [67][88] - 公司目前没有重大并购计划,将主要依靠内部资产优化和开发来实现增长 [94] 管理层对经营环境和未来前景的评论 - 公司在第二季度成功完成了计划的检修活动,为下半年的强劲产量奠定了基础 [9] - 公司的多元化资产组合和出色的执行能力使其在当前的商品价格环境下保持了优异的业绩 [8] - 公司对天然气价格走弱做出了灵活调整,将部分天然气井的投产推迟到价格改善时 [26][27][28] - 公司对未来12个月的合成原油产量前景保持乐观,预计将实现强劲的产量和自由现金流 [54][55][57] 其他重要信息 - 公司在2024年7月实现了Horizon项目原油产量10亿桶的重要里程碑 [11][12] - 公司在Jackfish和Kirby North项目的新SAGD井组提前投产,产量超出预期 [31][33] - 公司在Primrose项目提前完成了一个CSS井组的投产,另一个正在钻井 [33] - 公司在Kirby North项目开始注入溶剂,正在评估溶剂驱的效果 [35] - 公司在AOSP项目计划的9月检修将缩短至39天,对年产量的影响将小于预算 [38] 问答环节重要的提问和回答 问题1 **Menno Hulshof 提问** 询问公司2025年合成原油产量的预期轨迹 [54][55][57] **Scott Stauth 回答** 公司2025年合成原油产量将保持强劲,因为Horizon项目将不再有检修计划,而Scotford项目的检修时间也有所缩短 [55][57] 问题2 **Greg Pardy 提问** 询问公司在检修活动优化方面采取的具体措施 [62][63][64][65] **Scott Stauth 回答** 公司通过优化施工进度、提前投产等措施,成功缩短了Jackfish和Primrose项目的投产时间,并实现了产量超预期 [63][64][65] 问题3 **Manav Gupta 提问** 询问公司对未来原油价差走势的看法 [78][79][80][81] **Mark Stainthorpe 回答** 公司认为未来几个月原油价差可能会有所扩大,主要受到炼厂裂解价差走弱、阿尔伯塔库存下降以及墨西哥原油进入美国湾区等因素的影响 [79][80][81]

Canadian Natural Resources Limited (CNQ) is set to release second-quarter results on Aug 1. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a profit of 55 cents per share on revenues of $6.2 billion.Let’s delve into the factors that might have influenced this independent energy company’s performance in the June quarter. But it’s worth taking a look at CNQ’s previous-quarter performance first.Highlights of Q1 Earnings & Surprise HistoryIn the last reported quarter, this Calgary, Albe ...

Investors in Canadian Natural Resources Limited (CNQ) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $60 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?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. ...

JamesBrey Article Thesis Canadian Natural Resources Limited (NYSE:CNQ) offers one of the best shareholder yields in the oil and gas industry. The company has substantial growth potential going forward, and the macro picture is positive as well. Canadian Natural Resources will report its next earnings results around two weeks from now, which is why I am taking another look at the company now. Past Coverage I have covered Canadian Natural Resources Limited several times here on Seeking Alpha, most recently a ...

Dmytro Synelnychenko/iStock via Getty ImagesIntroduction On June 24, I wrote an article titled "Stock Picking Was 'Never' More Attractive: 3 Terrific Dividend Stocks To Buy." I believe it is one of my most important articles, as we could be on the verge of a major shift that could potentially have a major impact on future returns. The S&P 500's recent gains have been heavily concentrated in a few stocks, raising diversification concerns. There is valid skepticism about the sustainability of these d ...

SupertruperValue investing remains my favorite way to put capital to work, even in this inflationary environment. That means, however, that I’ve missed out on some spectacular gains on hot stocks like Nvidia (NVDA) and Dell Technologies (DELL) this year, as AI has dominated the investor consciousness over much of the past year. Nonetheless, it's important to keep in mind that the stock market is forward-looking, and with all of the hype around tech growth stocks today, many years’ worth of future earnin ...