Report
Joe Gemino
EUR 101.80 For Business Accounts Only

AOSP acquisition provides a significant boost to CNQ.

With Phase 3 of the Horizon mining expansion completed, growth is at a standstill for no-moat Canadian Natural Resources. First oil from Kirby North, a 40 mb/d steam-assisted gravity drainage oil sands growth project, isn’t expected until early 2020. In the meantime, Canadian Natural increased its quarterly dividend by 22% to CAD 0.335 per share. The annualized dividend represents a 3.3% yield, which is best in class among oil sands producers. The company also reduced its debt by CAD 460 million...
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Morningstar
Morningstar

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Joe Gemino

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