Canadian Natural Resources Limited (CNQ.TO) Research

Canadian Natural Resources Limited (CNRL) is an integrated energy company involved in the entire lifecycle of hydrocarbon resources, from acquisition and exploration to development, production, marketing, and sales. The firm's product portfolio includes various grades of crude oil, such as synthetic crude oil (SCO), light, medium, and heavy crude oils (including bitumen or thermal oil, and Pelican Lake heavy crude), along with natural gas and natural gas liquids (NGLs). CNRL also manages midstream and refining infrastructure, comprising two crude oil pipeline systems and a 50% interest in an 84-megawatt cogeneration facility situated in Primrose. As of December 31, 2020, the company held significant reserves: 10,528 million barrels (MMbbl) of proved crude oil, bitumen, and NGLs (13,271 MMbbl total proved plus probable). 6,998 MMbbl of proved SCO (7,535 MMbbl total proved plus probable). 12,168 billion cubic feet (Bcf) of proved natural gas (20,249 Bcf total proved plus probable). Operations are concentrated across Western Canada, the United Kingdom sector of the North Sea, and offshore Africa. Founded in 1973 and headquartered in Calgary, Canada, the company adopted its current name, Canadian Natural Resources Limited, in December 1975, having previously operated as AEX Minerals Corporation.

Market snapshot

Symbol
CNQ.TO
Price
$58.66
Day change
+1.23%
Market cap
$122.3B
P/E ratio
12.59x
52-week range
40.62-70.99
Sector
Energy
Industry
Oil & Gas Exploration & Production
Next earnings
in 2 months

Peer companies

  • ARC Resources Ltd. (ARX.TO)
  • Baytex Energy Corp. (BTE.TO)
  • Cenovus Energy Inc. (CVE.TO)
  • Enbridge Inc. (ENB.TO)
  • Imperial Oil Limited (IMO.TO)
  • Parex Resources Inc. (PXT.TO)
  • Suncor Energy Inc. (SU.TO)
  • Tourmaline Oil Corp. (TOU.TO)

Open Canadian Natural Resources Limited (CNQ.TO) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.