Canadian Natural raised its capital expenditure and production guidance to CAD 7.6 billion and 1,660 thousand barrels of oil equivalent/day, driven by M&A. Management also provided its view on a recent memorandum of understanding with the government that could unlock production growth for the basin.
As shale production matures, investors and international producers are looking at Canadian fields for their depth of inventory and low breakevens.
Canadian production faces many competitive pressures and barriers.
|
Metric
|
CNQ
|
COP
|
|---|---|---|
Price/Earnings (Normalized) | 13.93 | 17.66 |
Price/Book Value | 3.19 | 2.52 |
Price/Sales | 2.86 | 2.66 |
Price/Cash Flow | 8.19 | 7.58 |
|
Metric
|
CNQ
|
COP
|
|---|---|---|
Quick Ratio | 0.70 | 1.18 |
Current Ratio | 1.00 | 1.54 |
Interest Coverage | 17.73 | 13.09 |
|
Metric
|
CNQ
|
COP
|
|---|---|---|
Return on Assets (Normalized) | 11.61% | 7.42% |
Return on Equity (Normalized) | 24.19% | 14.03% |
Return on Invested Capital (Normalized) | 18.70% | 10.94% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| ConocoPhillips
COP
| LOCK|XHf<rjBR | LOCK|VS@V | $165B | |||
| EOG Resources Inc
EOG
| LOCK|M@G><>&^ | LOCK|jJxC$ | $77B | |||
| Occidental Petroleum Corp
OXY
| LOCK|@mj | LOCK|^gb | $61B | |||
| Diamondback Energy Inc
FANG
| LOCK|XCFXF>%L | LOCK|q^lLy | $58B | |||
| Devon Energy Corp
DVN
| LOCK|sGr@##g | LOCK|t$^DF | $55B | |||
| EQT Corp
EQT
| LOCK|r$ql!zC | LOCK|#N | $34B | |||
| Expand Energy Corp Ordinary Shares - New
EXE
| LOCK|fgQgJ<Y | LOCK|vP | $22B | |||
| Ovintiv Inc
OVV
| LOCK|cpQL#x& | LOCK|T^z | $18B | |||
| Antero Resources Corp
AR
| LOCK|rR?Nf^ | LOCK|<# | $12B |
United States