Canadian Natural Resources (CNQ) Price Target Boosted by C$14

Canadian Natural Resources Limited (NYSE:CNQ) is simply a elder crude lipid and earthy state accumulation company, with continuing operations successful its halfway areas located successful Western Canada, the UK information of the North Sea, and offshore Africa.

On April 9, Wells Fargo expert Sam Margolin bumped the firm’s terms people connected Canadian Natural Resources Limited (NYSE:CNQ) from C$47 to C$61, portion maintaining an ‘Equal Weight’ standing connected the shares. The raised people reflects an upside imaginable of astir 4% from the existent stock price.

Wells Fargo revised its lipid terms forecast to $75 per tube for Brent and $70 per tube for WTI pursuing the announcement of the US-Iran ceasefire, with talks presently ongoing for a semipermanent solution. Similar to 2022, the expert sees this pullback arsenic a mid-cycle correction that creates an introduction constituent for a much orderly revaluation of well-positioned stocks.

Canadian Natural Resources Limited (NYSE:CNQ) completed a strategical acquisition successful the archetypal 4th of 2026. As a result, the institution raised its output people to 1.62 million-1.67 cardinal boepd for FY 2026, up from 1.59 million-1.65 cardinal boepd previously.

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