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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (59610)	8/7/2019 7:51:06 PM
From: Goose94	Read Replies (1) \| Respond to of 202704

Canadian Natural Resources (CNQ-T) top pick from Brian Madden on BNN.ca Market Call 2nite Wednesday Aug 7th @ 1800ET Canadian Natural Resources is the largest energy producer in Canada, with approximately 1.1 million barrels of oil equivalent production per day. Roughly 75 per cent of their output is crude and the remainder natural gas. The company has a 27.7 year reserve life index, meaning that their lands will not be depleted of hydrocarbons for nearly 28 years at current production rates, yet the shares trade at just 10.2-times expected earnings, which in ballpark terms means the current market price ascribes zero value to the final 17 years of proven and probable reserves. The marketplace hates Canadian oil right now, amidst serious but ultimately temporary problems. This overwhelmingly negative sentiment affords an excellent opportunity to buy a premier producer near record low valuations and while it yields 4.7 per cent, with a dividend that’s grown at a 2 per cent compound rate over the last five years.