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Canadian Natural ( (TSE:CNQ) ) has provided an update.
Canadian Natural Resources Limited has completed an asset swap with Shell Canada, gaining full ownership of the Albian oil sands mines while Shell retains a 20% interest in the Scotford Upgrader and Quest facilities. This strategic move enhances Canadian Natural’s operational efficiency and increases its bitumen production by 31,000 barrels per day, contributing to a projected 15% production growth in 2025. The company’s updated production guidance for 2025 is set between 1,560 and 1,580 MBOE/d, with a capital forecast of $5.9 billion, reflecting strong execution and capital discipline.
The most recent analyst rating on (TSE:CNQ) stock is a Buy with a C$49.00 price target. To see the full list of analyst forecasts on Canadian Natural stock, see the TSE:CNQ Stock Forecast page.
Spark’s Take on TSE:CNQ Stock
According to Spark, TipRanks’ AI Analyst, TSE:CNQ is a Outperform.
Canadian Natural’s strong valuation and positive earnings call sentiment are the most significant factors driving the score. While financial performance is solid, challenges in revenue growth and free cash flow slightly temper the outlook. Technical analysis indicates a stable but not overly bullish trend.
To see Spark’s full report on TSE:CNQ stock, click here.
More about Canadian Natural
Canadian Natural Resources Limited is a senior crude oil and natural gas production company with operations primarily in Western Canada, the U.K. portion of the North Sea, and Offshore Africa.
YTD Price Performance: 5.20%
Average Trading Volume: 16,331,268
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$93.72B
See more insights into CNQ stock on TipRanks’ Stock Analysis page.