National Bank Raises Canada Natural Resources (CNQ) PT to C$45
The company achieved rea cord quarterly production of ~1.82 million barrels of oil equivalents/BOEs per day in Q1 2025. Record Synthetic Crude Oil/SCO production reached 595,000 barrels per day, which was a 34% year-over-year increase.
A pipeline snaking through a desert canyon, representing a energy's transport infrastructure.
Canadian Natural Resources also reported adjusted funds flow of ~$4.5 billion and adjusted net earnings of $2.4 billion. However, cold weather has impacted operations at Canadian Natural Resources, and there is uncertainty surrounding the timing of a Shell swap, which could influence future volume guidance. The WTI breakeven cost in the low to mid-$40s could be pressured by lower commodity prices.
Canadian Natural Resources Limited (NYSE:CNQ) is an energy company that acquires, explores, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids/NGLs in Western Canada, the UK sector of the North Sea, and Offshore Africa.
While we acknowledge the potential of CNQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the .
READ NEXT: and .
Disclosure: None. This article is originally published at Insider Monkey.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
an hour ago
- Wall Street Journal
Trump Turns His Back on Venezuela
President Trump made his latest tax increases permanent on Friday with the announcement of tariff hikes on imports from countries that didn't negotiate a deal with the administration since April 2—aka Liberation Day. Mexico got a 90-day reprieve from a new 'reciprocal tariff' schedule while negotiations continue. But American importers of noncompliant U.S.-Mexico-Canada Agreement exports already pay a 25% tariff, up from less than 3% before Mr. Trump's return. And final-assembled USMCA-compliant autos pay an effective 15% rate, up from zero.
Epoch Times
an hour ago
- Epoch Times
Carney, Trump Likely to Speak in ‘Next Number of Days': Trade Minister
Prime Minister Mark Carney and U.S. President Donald Trump will likely talk 'over the next number of days' following the U.S. decision to impose a 35 percent tariff on Canadian goods not covered under the free-trade agreement between Canada, the United States, and Mexico, the federal minister responsible for Canada-U.S. trade says. Trade Minister Dominic LeBlanc told CBS News' 'Face the Nation' that he was 'encouraged' by recent discussions with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer.
Yahoo
2 hours ago
- Yahoo
From The Archive: A Golden Jets Success (2011)
The Hockey News has released its archive to all THN subscribers: 76 years of history, stories, and features. Subscribe now to view the full THN Archives here Also, go to to subscribe The Winnipeg Jets are already a success, with an asterisk. Season tickets sold out in hours, merchandise is hotter than Teemu Selanne's rookie campaign and rich broadcast deals have been consummated. It's a made-in-Canada success story, an intense love affair guaranteed to last at least three, four, five years, and one our Winnipeg correspondent Tim Campbell lays out in our cover story, beginning on pg. 26. The question is, what happens when the honeymoon ends? When the joy of the new wears off, how do the Jets sustain the substantial momentum they've built up? Two Jets, Three Manitobans Invited to Canadian Olympic Team Camp Two members of the Winnipeg Jets have earned invites to the Canadian National Team 2026 Winter Olympic Games camp. To be sure, there are already pitfalls of which to be wary. For starters, the Jets will very likely qualify for revenue sharing at the end of this season – something the club is certainly counting on. In order to get a piece of that pie in years beyond, they'll need to meet certain criteria – pending, of course, the shape of the next collective bargaining agreement. Then there's the economy, a situation over which the franchise has zero control. Sure, the Loonie is strong today, but there are fears of another economic downturn and also recent reports Canada could be among the first countries to experience a double-dip recession. When the previous Jets flew south to Phoenix in 1996, one of the biggest contributing factors was the 73-cent Canadian dollar. While the current CBA may provide some protection against a repeat scenario, the Jets aren't completely immune from small-market-Canada syndrome. The most important factor will be their on-ice success. Winnipeg inherits a franchise that has never won a playoff game and the previous NHL inhabitants in Manitoba didn't fare much better. From 1979 through '96, the original Jets failed to win so much as a division title and were victorious in just two playoff rounds. It's possible this year's crew will reverse fortunes and surprise us, but don't count on it. In The Hockey News Yearbook, we've slotted the Jets 13th in the Eastern Conference. On the bright side, in our 2011 Future Watch ranking of NHL-drafted prospects, the former Thrashers ranked seventh of 30. Still, the Jets face significant challenges and it will be several years until we know if we can remove that asterisk from their success label. For what it's worth, an asterisk on the team pages in the NHL Guide and Record Book also denotes a franchise that has relocated. Just sayin'. Longtime Member of the Manitoba Moose Heads Overseas for 2025-26 The Manitoba Moose will be without longtime forward CJ Suess for the 2025-26 season.
