Oil and gas stocks have gotten left out of the party in 2024. The price of crude oil dipped below $80 per barrel in April and has not risen much past that mark as investors fret about a potential economic slowdown. Natural gas has rebounded a bit recently, but it is still below $3 per British thermal unit (BTU), compared to a peak price of around $10 back in 2022.On the one hand, inflation is coming down, and that could pave the way for interest rate cuts and boost economic activity. But some investors are ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric th ...

Canadian Natural Resources Limited (CNQ) reported first-quarter 2024 net earnings per share (EPS) of C$0.91, down from the prior-year quarter level of C$1.62. This underperformance can be mainly attributed to low commodity prices and higher year-over-year expenses during the quarter.Total revenues of $6.1 billion declined from $6.4 billion in the year-ago period due to a reduction in product sales. However, the figure beat the Zacks Consensus Estimate of $6 billion.CNQ’s board of directors announced a quart ...

Gerasimov174 All financial numbers in this article are in Canadian dollars unless noted otherwise. Canadian Natural Resources Overview It's time to talk about Canadian Natural Resources Limited (NYSE:CNQ), a company that has become one of my largest energy stocks and my favorite upstream player. On January 12, I wrote an article titled "A 12% Distribution Yield At $80 WTI is Why I Sold Exxon To Buy Canadian Natural Resources." As the title may suggest, its highly favorite free cash flow profile is one ...

财务数据和关键指标变化 - 2024年第一季度调整后营运净收益为15亿加元 [38] - 2024年第一季度调整后营运现金流为31亿加元 [38] - 公司已实现净债务降至100亿加元,将在2024年100%分配自由现金流给股东 [39][41] - 公司连续24年增加股息,第二季度每股股息增至1.5加元 [40] 各条业务线数据和关键指标变化 - 原油和天然气总产量为133万桶油当量/天,其中液体产量为97.6万桶/天,天然气产量为215亿立方英尺/天 [21] - 重质原油产量为78,400桶/天,与2023年第一季度持平 [22] - 重质原油单位现金成本为19.16加元/桶,较2023年第一季度下降11% [22] - 轻质原油和天然气液体产量为114,000桶/天,较2023年第一季度增加5% [24] - 轻质原油和天然气液体单位现金成本为15.25加元/桶,较2023年第一季度下降18% [24] - 天然气产量为214亿立方英尺/天,与2023年第一季度持平 [26] - 天然气单位现金成本为27加元/千立方英尺,较2023年第一季度下降11% [27] - 热采油砂产量为268,000桶/天,较2023年第一季度增加10% [28] - 热采油砂单位现金成本为14.05加元/桶,较2023年第一季度下降12% [28] - 油砂采选及提炼产量为445,000桶/天,较目标低45,000桶/天,主要受计划和非计划检修影响 [33] - 油砂采选及提炼单位现金成本为24.85加元/桶,与2023年第一季度持平 [34] 各个市场数据和关键指标变化 - 公司已获得55,000桶/天的额外Flanagan South管线运输能力 [47][48] - 公司正在评估进一步扩大TMX管线运输能力的机会 [48][54] - 公司正在发展海运销售市场,并已锁定部分海运销售 [54][55] 公司战略和发展方向及行业竞争 - 公司有多种近期、中期和长期的增长机会,包括油砂采选及提炼资产以及全资产组合 [35][36] - 公司正在实施一系列提升效率和产量的项目,如Horizon可靠性提升项目、Scotford炼厂深度瓶颈项目等 [12][13][14][15] - 公司正在开发IPEP技术与沥青泡沫处理相结合,有潜力增加19.5万桶/天的年产能 [17] - 公司致力于实现2050年油砂业务零温室气体排放的目标,是加拿大最负责任的能源生产商之一 [18][19][20] - 公司需要与加拿大和阿尔伯塔政府合作,确保"减排联盟"计划取得成功 [20] 管理层对经营环境和未来前景的评论 - 公司有大规模、多样化、寿命长、衰减率低的资产组合,非常适合应用温室气体减排技术 [19] - 公司2024年资本支出计划将前置至上半年,以利用更好的市场准入和价格环境 [10][36] - 公司预计下半年将实现强劲的产量增长,从而带来显著的自由现金流 [8][36][42] 问答环节重要的提问和回答 问题1 **Menno Hulshof 提问** 公司如何获得额外的55,000桶/天Flanagan South管线运输能力,以及公司是否考虑建设自有出口设施 [47][48] **Scott Stauth 回答** 公司通过公开招标获得了这部分额外运输能力,未来公司将继续关注TMX管线等其他扩容机会,以增加出口灵活性 [48][54] 问题2 **Greg Pardy 提问** 公司在Kirby North的商业规模溶剂SAGD项目的资本效率和运营成本情况如何 [52][53] **Scott Stauth 回答** 该项目仍在试运行阶段,公司正在密切监测溶剂回收效率,以确保该技术能够将SOR和温室气体排放强度降低40%-50% [53] 问题3 **Neil Mehta 提问** 公司未来还有哪些结构性成本降低机会 [73][74][76] **Scott Stauth 回答** 公司将继续推进各业务线的持续改进计划,通过小幅度的增量优化来降低成本,具体措施将随着时间推移逐步展现 [74][76]

Canadian Natural Resources (CNQ) closed the most recent trading day at $77.34, moving +0.56% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.46%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 0.64%.Coming into today, shares of the oil and natural gas company had gained 1.91% in the past month. In that same time, the Oils-Energy sector gained 4.21%, while the S&P 500 lost 3.04%.Analysts and investors alike will be keeping a c ...

公司业绩 - 加拿大自然资源是一家领先的加拿大油砂公司，具有卓越的业绩记录和强大的管理团队[1] - 近期，由于优秀的现金生成能力，加拿大自然资源已经实现了其净债务目标，这将使公司能够向股东返还更多现金[1] - 加拿大自然资源在2024年迄今为止的股价回报率为25%，过去一年的回报率甚至超过35%[17] 估值分析 - 以企业价值与EBITDA比率为7，CNQ在绝对价值上仍然相当便宜[17] - 与10年中位数相比，CNQ目前以略高约10%的溢价交易，因此现在可能不是进入或扩大头寸的最佳时机[17]

CANADIAN NATURAL RESOURCES LIMITED NOTICE OF THE ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS TO BE HELD ON THURSDAY, MAY 2, 2024 NOTICE IS HEREBY GIVEN that the Annual and Special Meeting (the ''Meeting'') of the Shareholders of Canadian Natural Resources Limited (the ''Corporation'') will be held at the Telus Convention Centre, 120 - 9th Avenue S.E. in the City of Calgary, in the Province of Alberta, Canada, on Thursday, May 2, 2024, at 11:00 a.m. (MDT) for the following purposes: 1. To receive the Annual R ...

公司业绩 - 加拿大自然资源公司是加拿大最大的上游公司，拥有丰富的石油储备[3] - 加拿大自然资源公司在油砂开采方面取得了年度生产记录[16] - 公司成功降低了债务并增加了股东分红[21][24] - CNQ在油价为$85时，每股自由现金流约为C$11，相当于其股价的11%[26] - 在油价为$100时，每股自由现金流约为C$14，接近其股价的15%[27] - 公司拥有大量储备，不会被迫进行并购，投资者有望获得高额分红[28] - CNQ的估值良好，交易倍数略低于长期正常倍数，预计OCF今年将增长22%[29] - 分析师预计公司今年OCF将增长22%，2025年增长3%，2026年增长12%[30] - 结合股息收益率、OCF倍数，预计年化回报率约为16%，公平价格至少比当前价格高40%[31] - 预计公司将超过预期，但商品风险始终存在，主要分配将是股票回购和特别股息[32] 投资前景 - 投资CNQ符合公司策略，看好油价上涨，优先考虑股息，认可能源行业低估值[33] - CNQ在加拿大沉积盆地拥有强大的运营和深厚储备，Trans Mountain管道扩张带来重大机遇[34] - 公司的承诺减少债务和股东回报，包括特别股息，突显了极具股东友好性的做法[35] - CNQ的优势包括稳定的运营和深厚的储备，Trans Mountain管道扩张提供增长机会[36]

Canadian Natural Resources Limited (CNQ) reported fourth-quarter net earnings per share (EPS) of C$2.41, up from the prior-year quarter's level of C$1.36. This outperformance can be mainly attributed to higher production and decreased year-over-year expenses during the quarter.Total revenues of $7 billion declined from $7.1 billion in the year-ago period due to a reduction in product sales from crude oil and NGLs and natural gas. However, the figure beat the Zacks Consensus Estimate of $6.7 billion.CNQ’s bo ...