$66.52
-0.94 (-1.39%)
Canadian Natural Resources Ltd (USA) (CNQ)
CAPS Rating:
A Canadian based senior independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NGLs, natural gas and bitumen production.
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This dominant Canadian energy player should experience years of outsized returns. The first phase of the company's wholly owned Horizon oil sands project is on track for first production in 2008. The economics of Horizon's upgraded oil are promising, and the project should provide large resource opportunities with low maintenance capital requirements for several years to come.
CNQ might be a good play if it only involved the oil sands, but it is far more than that. It's actually a diversified, established, money-making energy company with gas and oil holdings so as to enable it to ride out various economic conditions.