Canadian Natural Resources Limited (CNQ) Shares are Down -1.19%

Canadian Natural Resources Limited (CNQ) has risen sharply, recording gains of 5.72% in the past 4 weeks. However, the stock has corrected -1.19% in the past 1 week, providing a good buying opportunity on dips. Canadian Natural Resources Limited (CNQ) : During the past 4 weeks, traders have been relatively bearish on Canadian Natural Resources Limited (CNQ), hence the stock is down -0.97% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.79% relative to the S&P 500.

Canadian Natural Resources Limited (NYSE:CNQ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.62 and $31.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.62, notching a gain of 0.48% for the day. The total traded volume was 1,264,210 . The stock had closed at $31.47 on the previous day.


The stock has recorded a 20-day Moving Average of 1.95% and the 50-Day Moving Average is 5.52%. Canadian Natural Resources Limited is up 4.22% in the last 3-month period. Year-to-Date the stock performance stands at 46.7%.

Canadian Natural Resources Limited is an independent crude oil and natural gas producer. The Companys diversified, balanced resource base consists of both dry and liquids-rich natural gas, heavy crude oil, bitumen, medium and light crude oil and synthetic crude oil. Its reserves were approximately 8.89 billion barrel of oil equivalent. Its segments include North America, North Sea, Offshore Africa, Oil Sands Mining and Upgrading, and Midstream. It has a portfolio of assets with production and development of both natural gas and crude oil. North America serve as its main operations with international exposure provided through operations in the United Kingdom portion of the North Sea and Offshore Africa.

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