Today I’m reviewing a large-cap oil & gas exploration and production (e&p) firm by the name of Canadian Natural Resources Limited. Its trading ticker symbol is CNQ.

Canadian Natural Resources Ltd is an oil and natural gas producer in Western Canada and worldwide. Its portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas.

It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Côte d’Ivoire, Gabon, and in South Africa, Offshore. 

The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. 

Canadian Natural Resources Limited was founded in 1973 and is headquartered in Calgary, Canada.

I use three key data points to gauge the value of any dividend equity or fund like Canadian Natural Resources Limited(CNQ): 

(1) Price

(2) Dividends

(3) Returns

Besides those three, four more keys will finally unlock an equity or fund in which to invest.

But those first three primary keys, best tell whether a company has made, is making, and will make money. 

CNQ Price

CNQ’s price per share was $36.04 at yesterday’s market close. A year ago its price was $31.20 for a gain of $4.84 per share.  

Assuming CNQ’s price will trade in the range of $30 to $42 next year, that $4.84 gain would take its current $36.04 price to $40.88 by early August, 2019. 

CNQ Dividends

CNQ’s most recent variable quarterly dividend was $0.2571declared August 2and payable October 1.

At it’s most recent quarterly pay rate, its 2018 annual dividend is calculated at $1.03yielding2.85% at yesterdays closing $36.04 price.

Gains For CNQ?

Adding the $1.03 estimated annual dividend to the $4.84year over year theoretical price gain for CNQ makes a $5.87gross annual per share gain, which will be reduced by costs to trade the shares.