03:06:48 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Canadian Natural Resources Ltd
Symbol CNQ
Shares Issued 1,072,137,565
Close 2024-04-15 C$ 106.85
Market Cap C$ 114,557,898,820
Recent Sedar Documents

Globe columnist keen on Peyto, others

2024-04-16 08:26 ET - In the News

See In the News (C-PEY) Peyto Exploration & Development Corp

The Globe and Mail reports in its Tuesday edition that for income investors, equity investing has become a two-edged sword. Globe columnist Gordon Pape writes that on the plus side, many stocks are offering their best yields in years; on the negative side, many high-yield stocks are trading near their lowest levels since before the pandemic, and this is making investors nervous. One solution is to add some energy stocks to your list. Many offer both strong cash flow and an attractive total return. One of these is Peyto Exploration, an Alberta natural gas producer that pays a monthly dividend of 11 cents ($1.32 a year) to yield 8.7 per cent. The company reported earnings of $239-million ($1.62 per diluted share) in 2023. Another is Freehold Royalties, an oil and gas royalty company with assets mainly in Western Canada, although it is expanding in the United States. The monthly dividend is nine cents a share ($1.08 a year) for a yield of 7.4 per cent. The company reported funds per share from operations of $1.59 in 2023. Third is Canadian Natural Resources. This is one of the giants of Canada's oil and gas industry. It pays quarterly dividends of $1.05 ($4.20 a year). That is a current yield of 3.85 per cent.

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