Canadian Natural Resources
About: Canadian Natural Resources Ltd is an independent crude oil and natural gas exploration, development, and production company. The Company's exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. The Company's exploration and production activities are conducted in three geographic segments: North America, the North Sea, and Offshore Africa. These activities include exploring, developing, producing, and marketing crude oil, natural gas liquids, and natural gas. The company has two divisions; Oil Sands Mining and Upgrading, Midstream and Refining. It derives a majority of its revenue from North America.
Employees: 10,272
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
67.66% more ownership
Funds ownership: 71.79% [Q3] → 139.44% (+67.66%) [Q4]
8% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 65
0% less funds holding
Funds holding: 615 [Q3] → 614 (-1) [Q4]
3% less repeat investments, than reductions
Existing positions increased: 224 | Existing positions reduced: 232
9% less capital invested
Capital invested by funds: $50.7B [Q3] → $46.2B (-$4.55B) [Q4]
23% less call options, than puts
Call options by funds: $453M | Put options by funds: $589M
24% less funds holding in top 10
Funds holding in top 10: 34 [Q3] → 26 (-8) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
RBC Capital Greg Pardy 63% 1-year accuracy 10 / 16 met price target | 104%upside $63 | Outperform Reiterated | 27 Mar 2025 |
Financial journalist opinion
Based on 38 articles about CNQ published over the past 30 days
