CNRL hits Cdn$100 billion market valuation milestone
What's driving the value of this Independent E&P's upstream portfolio?
1 minute read
In April 2022, Canadian Natural Resources (CNRL) became the first E&P company listed on the Toronto stock exchange to surpass C$100 billion in market value, the equivalent to US$79.3 Billion.
For this Canadian Independent, a programme of strategic acquisitions, often targeting distressed assets, has resulted in a decade of growth. In comparison to other large- and mid-cap North American players, CNRL ranks third overall in terms of value and is nearly double the size of other large Canadian peers, Cenovus and Suncor.
Using Lens Upstream, Wood Mackenzie analyst, Rowena Gunn investigates CNRL's portfolio to answer questions such as:
- How does CNRL's portfolio stack up against other large North American producers?
- What is driving the C$100 billion valuation?
- What impact could different oil price scenarios have on the portfolio valuation?
- What is the overall production outlook and where does the upcoming growth lie?
- What are the potential risks to their portfolio, including net annual emissions intensity?
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