bullish
Canadian Natural Resources (CNQ.) - Thursday, Jul 25, 2024
SUMMARY
- CNQ is a major oil and gas company with a $100 billion market cap, operating primarily in North America with significant assets in Canadian oil sands
- Completion of Phase 3 of the Horizon oil sands project in 2017 has transformed CNQ's reserves to be long-life and low-decline, with a total proved reserves life index of 33 years
- CNQ's low decline rate and impressive production mix make it an attractive investment opportunity, despite strong share price performance in recent years
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
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