Canadian Natural Resources: I'm Buying Canadian Oil And NG
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Treading SoftlyInvesting GroupFollow5ShareSavePlay(12min)CommentsSummaryCanadian Natural Resources offers a compelling dividend growth opportunity, boasting a 5% yield and 25 years of consecutive dividend increases.CNQ's diversified asset base and efficient reserve management drive resilience, even amid regulatory headwinds and a challenging Canadian energy environment.Earnings are projected to dip in 2026 but rebound strongly in 2027, with EPS growth estimates ranging from 17% to 25.9%.Trading at a discounted 13.42x P/E, CNQ targets a 19.88% total return by December next year, with additional upside if oil prices outperform. peshkov/iStock via Getty Images When you think of oil, it's not uncommon for the first thought to be of Texas, especially if you're living within the United States of America. However, if you're thinking on a global scale, you may think of Saudi Arabia, Iraq, Iran, or Russia. Often, oil production is impacted byThis article was written byTreading Softly3.8K FollowersFollowScott Kaufman, aka Treading Softly, learned about investing firsthand from over a decade of financial sector experience. He is the lead analyst for Dividend Kings providing actionable insight into high quality dividend growing and undervalued opportunities. His focus is to see a bountiful harvest of cash dividends and strong capital gains, providing a robust total return.Analyst’s Disclosure:I/we have a beneficial long position in the shares of CNQ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Kody's Dividends, Justin Law, and Rachel Kaufman are part of the Dividend Kings team.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.