Energy Sector: Correction or Boom? What to Expect in 2025 [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
If we gauge the performance of the Canadian energy sector from the energy composite index, the 2024 performance can be divided into two segments. The performance was quite decent in the first quarter, but since hitting the peak in April, the index has mostly hovered around a mean value, and the overall trend has been downward. The index has slumped over 11% since the peak in April. Unfortunately, things don't look that great for 2025 as well. The chances of oil prices going down further are high, which may lead to a correction in the sector. An upstream energy company Canadian Natural Resources TSX:CNQ ) is one of the largest energy companies in Canada by several metrics. It's one of the few large-cap stocks close to or beyond the $100 billion mark (with its current market cap of around $97 billion). It also boasts the largest crude oil and natural gas reserves in the country, the largest crude oil producer, and the second biggest natural gas producer. As an upstream company,
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CNQ
Sec Filings
- 12/6/24 - Form 6-K
- 12/4/24 - Form 6-K
- 11/12/24 - Form SC
- CNQ's page on the SEC website