Bank of Nova Scotia Adds $99M in Canadian Natural Resources Limited ($CNQ)
Key Points
- Bank of Nova Scotia changed its Canadian Natural Resources Limited ($CNQ) stake by 49.9% last quarter, boosting to 6,565,392 shares worth $298.33 million.
- Wall Street's consensus rating on $CNQ is Buy and an average price target of $46.53.
- $CNQ last traded around $45.44.
Bank of Nova Scotia increased its position in Canadian Natural Resources Limited ($CNQ) by 49.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,565,392 shares of Canadian Natural Resources Limited after buying 2,184,892 shares during the quarter. Bank of Nova Scotia's holdings in Canadian Natural Resources Limited were worth $298.33 million as of its most recent filing.
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About Canadian Natural Resources Limited
Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, 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 company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
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