Large Outflow of Money Witnessed in Canadian Natural Resources Limited

Canadian Natural Resources Limited (CNQ) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (0.95 million) in Canadian Natural Resources Limited (CNQ). On Wednesday, The value of composite uptick trades was $4.33 million, whereas, the value of composite downtick trades was $5.28 million and the ratio between the two was 0.82, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $1.45 million. The negative money flow of ($1.45 million) shows selling on strength. Canadian Natural Resources Limited (CNQ) gained $0.32 intraday at $29.43 and registrered 1.1% for the week.

Canadian

Shares of Canadian Natural Resources Limited appreciated by 4.73% during the last five trading days but lost 1.07% on a 4-week basis. Canadian Natural Resources Limited is up 3.46% in the last 3-month period. Year-to-Date the stock performance stands at 46.69%.

Canadian Natural Resources Limited (NYSE:CNQ): The stock opened at $29.31 and touched an intraday high of $31.45 on Wednesday. During the day, the stock corrected to an intraday low of $29.165, however, the bulls stepped in and pushed the price higher to close in the green at $31.43 with a gain of 7.97% for the day. The total traded volume for the day was 4,040,796. The stock had closed at $29.11 in the previous trading session.

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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