Latest news with #CanadianNaturalResources
Yahoo
a day ago
- Business
- Yahoo
Continues Impressive Dividend Growth Amid Challenging Oil Prices
Canadian Natural Resources Limited (NYSE:CNQ) is one of Best Dividend Stocks to Buy for Dependable Dividend Growth. The company has built a strong reputation for dividend reliability, having raised its payout for 25 consecutive years, which is a notable feat for a company tied to commodity price cycles. In 2024 alone, the board approved three dividend increases, and it has already raised the payout again in 2025, despite weaker oil prices. Over the past five years, dividends have grown at an average annual rate of 22.5%. A vast oil rig pumping crude oil during a sunset, emphasizing the company's focus on oil & gas exploration and production. In addition to steady dividends, Canadian Natural Resources Limited (NYSE:CNQ) has delivered impressive capital gains of about 296% over the past five years. This performance is backed by its strong production mix, long-life low-decline assets, efficient operations, and disciplined capital management, all of which support robust distributable cash flow. Its high-value, zero-decline synthetic crude production adds operational stability and keeps reserve replacement costs low. The company also maintains a healthy cash position, generating $4.3 billion in operating cash flow in Q1 2025, of which $1.8 billion was returned to shareholders via dividends and buybacks. The company currently offers a quarterly dividend of C$0.5875 per share and has a dividend yield of 5.09%, as of June 17. Canadian Natural Resources Limited (NYSE:CNQ) is a major energy company engaged in exploring, developing, producing, and marketing crude oil and natural gas. While we acknowledge the potential of CNQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None.
Yahoo
2 days ago
- Business
- Yahoo
The $25,000 Approach to Building Lasting Wealth
Written by Adam Othman at The Motley Fool Canada Being a stock market investor in Canada can be a blessing due to the introduction of the Tax-Free Savings Account (TFSA). The Canadian government introduced it in 2009 to encourage Canadians to save more money. The incentive through the TFSA? Any earnings made from assets held in the 'savings' account will be tax-free. You can use the account to hold cash and generate interest income without incurring taxes on it. However, there's a lot more that you can do with the contribution room you get in the account. You can even allocate some of the contribution room to buy and hold stocks to generate tax-free wealth growth through capital gains and dividends. The Canadian energy sector has long been an attractive space for Canadian investors seeking long-term dividend income. Canadian Natural Resources Ltd. (TSX:CNQ), perhaps one of the most reliable energy producers in the country, may be ideal for this purpose. Canadian Natural Resources is a $94.7 billion market-cap Calgary-based energy producer. It is a top dividend stock that might offer some upside potential to investors. CNQ produces oil and gas, boasting vast natural gas resources in Western Canada and significant operations off the coast in Africa and the North Sea. The business is well-capitalized, and has a track record of making good acquisitions at opportune times and an impeccable reputation for paying investors their dividends. It has increased payouts for the last 25 years without fail. As of this writing, it trades for $45.24 per share and boasts a 5.2% annualized dividend yield that you can lock into your portfolio. Enbridge Inc. (TSX:ENB) is another top Canadian energy stock. Boasting a $136.05 billion market capitalization, the Calgary-based company is an energy infrastructure company. It has an extensive pipeline network responsible for transporting a lot of the hydrocarbons produced and consumed in North America. The company also boasts one of the largest regulated natural gas utility businesses under its belt, alongside a growing portfolio of renewable energy assets. Enbridge charges other energy producers for using its network, marginally shielding the company from the effects of volatile commodity prices. Its utility segment provides stable and predictable cash flows. The growing renewable energy arm will future-proof the company in a greener energy industry. As of this writing, ENB stock trades for $62.41 per share, with a 6% annualized dividend yield, and it boasts an over three-decade dividend-growth streak. The TFSA can be an ideal investment vehicle for anyone with a sound long-term strategy. When using it to invest in dividend stocks, you can use the quarterly or monthly distributions to line your account balance with extra cash. If you choose to reinvest the dividends using a Dividend Reinvestment Plan (DRIP), you can unlock the power of compounding and accelerate your wealth growth. To this end, high-quality dividend stocks that keep increasing payouts like ENB stock and CNQ stock can be worthwhile investments to consider. The post The $25,000 Approach to Building Lasting Wealth appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Adam Othman has no position in any of the stocks mentioned. The Motley Fool recommends Canadian Natural Resources and Enbridge. The Motley Fool has a disclosure policy. 2025
Yahoo
3 days ago
- Business
- Yahoo
Continues Impressive Dividend Growth Amid Challenging Oil Prices
Canadian Natural Resources Limited (NYSE:CNQ) is one of Best Dividend Stocks to Buy for Dependable Dividend Growth. The company has built a strong reputation for dividend reliability, having raised its payout for 25 consecutive years, which is a notable feat for a company tied to commodity price cycles. In 2024 alone, the board approved three dividend increases, and it has already raised the payout again in 2025, despite weaker oil prices. Over the past five years, dividends have grown at an average annual rate of 22.5%. A vast oil rig pumping crude oil during a sunset, emphasizing the company's focus on oil & gas exploration and production. In addition to steady dividends, Canadian Natural Resources Limited (NYSE:CNQ) has delivered impressive capital gains of about 296% over the past five years. This performance is backed by its strong production mix, long-life low-decline assets, efficient operations, and disciplined capital management, all of which support robust distributable cash flow. Its high-value, zero-decline synthetic crude production adds operational stability and keeps reserve replacement costs low. The company also maintains a healthy cash position, generating $4.3 billion in operating cash flow in Q1 2025, of which $1.8 billion was returned to shareholders via dividends and buybacks. The company currently offers a quarterly dividend of C$0.5875 per share and has a dividend yield of 5.09%, as of June 17. Canadian Natural Resources Limited (NYSE:CNQ) is a major energy company engaged in exploring, developing, producing, and marketing crude oil and natural gas. While we acknowledge the potential of CNQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None.
Globe and Mail
09-06-2025
- Business
- Globe and Mail
Calgary-based oil giant appeals fine over wildlife deaths in tailings pond
Canadian Natural Resources Ltd. CNQ-T is appealing a $278,000 fine for a major environmental infraction that killed birds and endangered coyotes and wolves near its Horizon oil sands mining operation in Northern Alberta. The Alberta Energy Regulator levied the fine in July last year. Tyler Callicott, its director of enforcement, wrote in a judgment that the Calgary-based oil giant failed to take all reasonable steps to prevent wildlife from coming into contact with toxic tailings at the oil sands site. But the oil company says the regulator erred in applying pertinent legislation and, as a result, issued a penalty that was far too high. It wants the regulator to reduce the fine by more than 80 per cent, to $46,750. Canadian Natural's net earnings were $7.4-billion in 2024. The fine stems from CNRL's lack of action after it discovered that an island had formed in a tailings pond at Horizon in the spring of 2021. Tailings ponds contain process-affected water and bitumen that is toxic to wildlife – both to birds, which lose their insulation, waterproofing and ability to fly when heavily oiled, and to the predators that eat them. No birds were nesting on the island when CNRL first noticed it in 2021, so the company continued with its usual bird-deterrent activities until the island was eventually submerged by rising water. It made no effort to eliminate the island or manage the level of water to prevent its re-emergence, according to a written decision from the regulator. In the spring of 2022, the island re-emerged and became a habitat and nesting site for birds - and their predators, such as wolves and coyotes, which could access the island through a strip of shallow water. Canadian Natural reports first-quarter profit beat and record oil and gas output On May 21, 2022, CNRL discovered 271 California gull nests and a Canada goose nest on the island. Two weeks later, it notified the regulator of the formation of the island and measures it was taking to prevent birds from coming into contact with toxic tailings. 'These, and subsequent, mitigation measures were not effective in preventing animals from coming into contact with a hazardous substance,' the AER's Mr. Callicott wrote in his decision. The regulator deemed the incident major, given that CNRL reported 411 bird fatalities between May and August of 2022, and that coyotes and wolves accessed the island through the water of the tailings facility and killed oiled birds. In a 114-page appeal lodged on May 6, CNRL argued that a hazardous substance must 'come into contact with or contaminate' an animal for an offence to have occurred, according to environmental rules. But for a portion of the contravention period there was no proof of oiled birds, CNRL argued in its appeal. Instead, the regulator said in its judgment that it was only 'likely or inevitable' that birds were contaminated by the toxic tailings pond, because nests were present on the island. When the regulator relied on 'likely or inevitable' contamination, it issued a penalty for 76 days, from - May 21, 2022, when the first gull nests were identified, until Aug. 4, 2022, when the gulls had all left the island. But given there were only 13 days when oiled birds were identified, CNRL said the penalty should be capped to that time period. The company acknowledged in its appeal that the incident was significant. But it argued that the base penalty should be reduced owing to Canadian Natural's 'good faith and mitigation measures in response to the incident.' Oral final arguments on the appeal will be held on June 18.
Reuters
04-06-2025
- Business
- Reuters
Canadian Natural Resources restarts oil sands operation as wildfire risk lessens
CALGARY, June 4 (Reuters) - Canadian Natural Resources ( opens new tab has restarted its Jackfish 1 oil sands site in northern Alberta after determining wildfires in the region were a safe distance away. The country's biggest oil producer said late on Tuesday its operation at the site will ramp up over the next several days, targeting full production of approximately 36,500 barrels per day by Friday. Canadian Natural evacuated non-essential workers from its Jackfish 1 location and halted production as a precaution on Saturday due to wildfires burning south of Fort McMurray. The company is one of several whose operations in Canada's main oil-producing province have been disrupted due to out-of-control wildfires. About 344,000 bpd of oil sands production was offline earlier this week, representing approximately 7% of Canada's crude oil output, according to Reuters calculations. As of Wednesday morning, approximately 238,000 bpd of production remained halted at Cenovus Energy's ( opens new tab Christina Lake oil sands facility. MEG Energy ( opens new tab workers also remained evacuated from that company's Christina Lake regional project. There have been no reports of significant damage to oil infrastructure or company assets due to the fires. The fires are also weakening Canadian natural gas prices. Spot gas prices at Alberta's AECO hub fell to near zero this week (six cents per million British thermal units on Tuesday and 10 cents on Wednesday), likely due to lower demand from oil sands operations, according to consultancy Tudor, Pickering, Holt & Co.
