Canadian Natural Resources is the north-of-the-border oil play - Joseph Lazzaro

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Canadian Natural Resources is the north-of-the-border oil play
Apr 14, 2008 05:31 PM UTC

Joseph Lazzaro

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Symbol	Sentiment	Start	Return	Closed
CNQ		04/14/08	-15.35%	--

Via BloggingStocks:

Filed under: Commodities, Oil, Stocks to Buy

Readers of this space know that one of the preferred sectors is the oil/oil services sector, and with the above in mind, Canadian Natural Resources is worth an evaluation.

Canadian Natural Resource Ltd. (NYSE: CNQ) is a Canada-based exploration and production company that explores for, develops, produces, markets and sells crude oil, natural gas liquids and natural gas.

Analysts like CNQ projected double-digit revenue for FY 2009, following a solid performance in FY 2008. Further, analysts still see impressive margins from CNQ's Canadian oil sands operations, despite the province of Alberta's oil/gas royalties increases. CNQ is also one of the largest undeveloped land holders in the Western Canadian Sedimentary Basin, with nearly 12.8 million acres. The company also has proved reserves of 1.3 billion barrels of oil and 3.8 trillion cubic feet of natural gas.

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