Natural Resources Limited (CNQ.TO) – How The Company Deals With The Post Pandemic Period?

From July 9 till July 13 the stock was fluctuating at C$44.27 with small volatility. However, on July 14 it grew to C$45.04 which is also the highest one during the last 5 days. After it, the stock started to slowly fell and reached C$42.58 for today. The total volume of the company consists of 3,118,133 stocks. See the source imageCanadian Natural Resources Limited was able to save the dividends on the same level after the COVID-19 pandemic when there were huge material losses. While the other Canadian companies have reduced the production to more than 1000000 bpd every day because of the low price for oil.

Despite the fact, that the company saved its dividends, it has canceled the guidance for the production for 2020. Additionally, it was announced that the company will stop the exploration of the high-cost projects in North America and will provide the planned repair work on the oil sand projects in the second half of 2020.

Jack Dawkins

Finance and Tech Contributor

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