After a long-awaited all-time highs reached last Tuesday, Canadian Natural Resources Limited (CNQ) topped higher on Thursday and closed at $38.92, setting the new all-time highs at $39.50.
Since last August, Canadian Natural Resources has been printing an uptrend that so far marked an amazing 33.20%. Rising peaks and troughs can be seen easily on a chart and how price provided very few buy points on the breakouts. Latest low was in mid-September, when price bounced at $31.71. On September 24, Canadian Natural Resources broke out above its last top ($35.20) giving a good buy point that resulted in a 10.57% profit
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.. The stock is part of the Oil & Gas E&P industry in the Energy sector. The firm employs 0 people worldwide and has its headquarters in Calgary, Canada. Find further information about the company at its corporate site at http://www.cnrl.com.