Canadian Natural Resources Up 0.9 percent To 58.48 After Earnings Miss - InvestorsObserver
| CNQ Stock | CAD 46.58 1.56 3.24% |
About 61% of Canadian Natural's investor base is looking to short. The current sentiment of investing in Canadian Natural Resources suggests that many traders are alarmed. Canadian Natural's investing sentiment overview a quick insight into current market opportunities from investing in Canadian Natural Resources. Many technical investors use Canadian Natural Res stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Canadian Natural Resources Up 0.9 percent To 58.48 After Earnings Miss InvestorsObserver
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Canadian Natural Fundamental Analysis
We analyze Canadian Natural's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Natural using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Natural based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
EBITDA
EBITDA Comparative Analysis
Canadian Natural is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Canadian Natural Res Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Canadian Natural stock to make a market-neutral strategy. Peer analysis of Canadian Natural could also be used in its relative valuation, which is a method of valuing Canadian Natural by comparing valuation metrics with similar companies.
Peers
Canadian Natural Related Equities
| CVE | Cenovus Energy | 1.31 | ||||
| TRP | TC Energy | 0.35 | ||||
| ENB | Enbridge | 0.33 | ||||
| PPL | Pembina Pipeline | 0.14 | ||||
| SU | Suncor Energy | 1.33 |
Check out Canadian Natural Hype Analysis, Canadian Natural Correlation and Canadian Natural Performance. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.