Is Canadian Natural Resources Still Attractive After Its Strong Multi Year Share Price Run?
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If you have been wondering whether Canadian Natural Resources is still good value after its huge run over the last few years, you are not alone. This article is going to dig into what the current price is really offering you.
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The stock has climbed 8.9% over the last year and 48.9% over three years, even after a recent 1.8% pullback over the last month that comes after a 4.5% gain in the last week.
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Recent moves in CNQ have lined up with stronger sentiment around long term oil demand resilience and ongoing capital returns from major Canadian producers. This has kept investors focused on cash flow durability rather than just spot prices. At the same time, policy debates on pipelines and emissions caps, plus shifting expectations for…
