Canadian Natural Will See Its Already Impressive Margins Boosted By LNG Canada
Summary
- Canadian Natural Resources benefits from diversified, efficient oil sands and natural gas assets, with strong production and low breakeven costs under $45/barrel.
- The ramp-up of LNG Canada opens new markets for natural gas, supporting long-term demand and pricing power for CNQ.
- Profitability stands out due to stable, long-life oil sands operations, enabling high free cash flow yields and robust shareholder returns.
- Despite commodity volatility and transition risks, CNQ's operational strengths and capital return policy justify my strong buy rating.
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