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    CNQ   CA1363851017

CANADIAN NATURAL RESOURCES LIMITED

(CNQ)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-09-29 pm EDT
64.10 CAD   +0.94%
09:04aCanadian Natural Resources Upgraded to Action List Buy at TD
MT
09/21Oil Rises Despite Demand Worries as Putin Threatens an Escalation of War on Ukraine
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09/21Oil Brief: NY Crude Up 2.35% at About US$85.90
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Toronto stocks fall amid global risk-off sentiment

08/19/2022 | 10:49am EDT

Aug 19 (Reuters) - Canada's main stock index fell on Friday as worries about an aggressive policy stance by major central banks hurt risk appetite even as data showed domestic retail sales rose unexpectedly in June.

At 10:23 a.m. ET (14:23 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 123.67 points, or 0.61%, at 20,141.7.

Global stocks slipped and the dollar gained ground as investors digested comments from U.S. Federal Reserve policymakers that signaled further interest rates were on the horizon, while European data pointed to elevated inflationary pressures.

The Canadian energy sector dropped 0.3% even as oil prices recouped from losses earlier in the session.

"A strong U.S. dollar is not good for multinationals, because of the oil exposure in our country. Besides, globally there are a lot of cross currents revolving around oil," said Allan Small, senior investment advisor at HollisWealth Inc.

Data earlier showed Canadian retail sales rose 1.1% in June, easily beating forecasts, on pricier gasoline and higher sales at car dealerships, but sales were seen falling in July.

All eyes are now on the Fed's annual Jackson Hole symposium next week.

"The central banks have a very complex balancing act. They want to slow down the economy too much. They don't want it too hot or too cold, they want it just right," Small added.

Canadian banks, which will begin reporting results next week, are on average expected to post profit declines in the third quarter as a murky economic outlook drives up provisions for credit losses (PCL), analysts and investors said.

The financials sector slipped 0.7%. The industrials sector fell 0.2%.

The materials sector, which includes precious and base metals miners and fertilizer companies, lost 1.1% as gold futures fell 0.3%. (Reporting by Johann M Cherian in Bengaluru; Editing by Devika Syamnath)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BALLARD POWER SYSTEMS INC. -10.19% 8.37 Delayed Quote.-41.35%
BIRCHCLIFF ENERGY LTD. 0.41% 9.81 Delayed Quote.51.24%
BRITISH POUND / US DOLLAR (GBP/USD) 2.54% 1.11058 Delayed Quote.-20.72%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.44% 0.7301 Delayed Quote.-7.88%
CANADIAN NATURAL RESOURCES LIMITED 0.94% 64.1 Delayed Quote.18.80%
EURO / US DOLLAR (EUR/USD) 1.04% 0.98079 Delayed Quote.-14.64%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.07% 0.012274 Delayed Quote.-8.86%
LONDON BRENT OIL -0.39% 88.55 Delayed Quote.9.98%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.14% 0.57231 Delayed Quote.-17.64%
SUN LIFE FINANCIAL INC. -0.67% 55.02 Delayed Quote.-21.33%
WTI -0.12% 81.599 Delayed Quote.8.46%
All news about CANADIAN NATURAL RESOURCES LIMITED
09:04aCanadian Natural Resources Upgraded to Action List Buy at TD
MT
09/21Oil Rises Despite Demand Worries as Putin Threatens an Escalation of War on Ukraine
MT
09/21Oil Brief: NY Crude Up 2.35% at About US$85.90
MT
09/20WTI Crude Oil Closes with a Loss Ahead of Rate Hikes Coming from the Federal Reserve
MT
09/20October WTI Crude Oil Contract Expires Down US$1.28 to US$84.45 per Barrel; November WT..
MT
09/20Canadian Natural Resources Outperform Rating Kept at BMO Capital Markets; Price Target ..
MT
09/20Natural Gas Steady as Demand Moderates with the Approach of Fall Temperatures
MT
09/20Oil Edges Up Ahead of Rate Hikes Coming from the Federal Reserve
MT
09/20Oil Brief: NY Crude Up Less Than 0.1% at Near US$85.80
MT
09/19WTI Crude Oil Rebounds from Early Lows, Closes Higher as Fed Meeting Looms
MT
More news
Analyst Recommendations on CANADIAN NATURAL RESOURCES LIMITED
More recommendations
Financials
Sales 2022 44 774 M 32 654 M 32 654 M
Net income 2022 13 565 M 9 893 M 9 893 M
Net Debt 2022 10 316 M 7 523 M 7 523 M
P/E ratio 2022 5,63x
Yield 2022 6,96%
Capitalization 71 211 M 51 935 M 51 935 M
EV / Sales 2022 1,82x
EV / Sales 2023 1,96x
Nbr of Employees 9 735
Free-Float 97,8%
Chart CANADIAN NATURAL RESOURCES LIMITED
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Technical analysis trends CANADIAN NATURAL RESOURCES LIMITED
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 63,50 CAD
Average target price 95,25 CAD
Spread / Average Target 50,0%
EPS Revisions
Managers and Directors
Tim Shawn McKay President, Chief Operating Officer & Director
Mark A. Stainthorpe Chief Financial Officer & Senior VP-Finance
Norman Murray Edwards Executive Chairman
Stephen C. Suche Vice President-Information & Corporate Services
David Arnold Tuer Independent Director
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