Boosting The Bounty: Canadian Natural Resources' Upcoming Dividend Bonanza

Summary

  • In this article, I initiate coverage of Canadian Natural Resources, one of the world's largest oil and gas companies.
  • The company is rapidly reducing debt, putting itself in a position where it is able to accelerate dividend payments and buybacks.
  • CNQ has highly efficient operations, massive reserves, and massively undervalued shares in a >$100 WTI price scenario.
  • Even at current prices, the company is a cash cow, providing investors with steady dividend payments.

Canadian Flag in the Mountains

Captured by Keeleigh

The financial numbers in this article are in Canadian dollars unless noted otherwise.

Introduction

Every now and then, when I talk to Canadian-based investors, someone mentions that Canada isn't the best place for dividend (growth) stocks. While there are some great dividend

This article was written by

Leo Nelissen profile picture
37.77K Followers

Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.

As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of XOM, CVX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Not financial advice.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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