Canadian Natural Resources (CNQ) is engaged in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs). The company provides light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO). Its midstream assets comprise two pipeline systems and a 50% working interest in an 84-megawatt cogeneration plant located at Primrose. The company primarily operates in Western Canada, the UK sector of the North Sea, and Offshore Africa. Previously known as AEX Minerals Corporation, the company changed its name to Canadian Natural Resources Limited in December 1975. Incorporated in 1973, Canadian Natural Resources Limited has its headquarters in Calgary, Canada.
as of April 20, 2023
CNQ has north of 14 billion barrels of oil equivalents across its assets. If all Canadian Natural Resources BOEs were converted to dollars at current prices, it would be worth roughly $1 trillion. At the current net profit margin, it would equate to around $260 billion. And, that’s just one part of its holdings. The current market capitalization is $66 billion. CNQ is very efficient with a break even close to $40 a share. If the price stays around $80, that oil reserve gets a lot more valuable on a cash flow basis. Unless the price of natural energy resources goes to zero, the value of all of Canadian Natural Resources assets will remain much higher than its current market value. Investors are likely to be rewarded from the company’s debt reduction share buyback activity with higher income and capital gains.
