TSX:CNQOil and Gas
How Investors Are Reacting To Canadian Natural Resources (TSX:CNQ) Record Output And Zero-Decline Bitumen Gains
In Q3, Canadian Natural Resources reported record quarterly production of 1.6 million barrels of oil equivalent per day, up 19% year over year, supported by an asset swap with Shell Canada that added 31,000 barrels per day of zero-decline bitumen and helped lift adjusted funds flow to US$3.9 billion, of which US$1.5 billion was returned via dividends and buybacks.
Separately, Yacktman Asset Management’s latest 13F filing showed that while it reduced its Canadian Natural Resources position by...