2 Incredibly Cheap Canadian Energy Stocks to Buy Now [Yahoo! Finance Canada]
Canadian Natural Resources Limited (CNQ)
Last canadian natural resources limited earnings: 3/5 05:00 am
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US:NYSE Investor Relations:
cnrl.com/investor-information
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Source: Yahoo! Finance Canada
With inflation easing and the United States Federal Reserve slashing its benchmark interest rates by 50 basis points, oil prices have strengthened. WTI (West Texas Intermediate) crude is up around 9.5% from this month's low. Despite the recent increase, WTI crude is still trading at a 10% discount compared to last month's highs. Amid improving investor optimism, let's look at two cheap energy stocks offering attractive buying opportunities. Canadian Natural Resources Canadian Natural Resources TSX:CNQ ), which operates a diverse, balanced asset base, reported excellent second-quarter performance last month, with its total production increasing by 8%. Amid production growth and higher price realization, the company's adjusted fund flows grew by 15.2% to $3.6 billion. Meanwhile, the company is continuing with its $5.4 billion capital expenditure program, with $2.7 billion already spent in the first two quarters. Amid these capital investments, CNQ's management projects its total
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CNQ
Sec Filings
- 10/7/24 - Form 6-K
- 10/7/24 - Form 6-K
- 9/24/24 - Form SD
- CNQ's page on the SEC website