The stock of (CNQ) pushed substantially higher this winter, clearing major psychological resistance at $50, before pulling back in healthy-correction fashion.

Further, given the better than 50% gain, if you bought Canadian Natural Resources when first discussed here at the split-adjusted price of $31.80 on May 24, 2010, now may be a good time to consider taking some profits off the table with CNQ.

Continue reading Canadian Natural Resources: Oil Sands Sector Winner

Canadian Natural Resources: Oil Sands Sector Winner originally appeared on BloggingStocks on Tue, 05 Apr 2011 09:30:00 EST. Please see our terms for use of feeds.

Canadian Natural Resources (CNQ) shares have moved substantially higher this winter, pushing through major, psychological resistance at $50, before pulling back in healthy correction fashion.

Moreover, if you bought Canadian Natural Resources when first discussed here at the split adjusted price of $31.80 on May 24, 2010, now may be a good time to consider taking some profits off the table.

However, those who can tolerate the risk can maintain their full position and go for an even larger gain, as CNQ remains well-positioned in an energy-hungry world. Canadian natural features balanced, low-risk assets, complemented by an oil sands production base.

Continue reading Canadian Natural Resources Continues to Move Higher

Canadian Natural Resources Continues to Move Higher originally appeared on BloggingStocks on Fri, 11 Mar 2011 12:00:00 EST. Please see our terms for use of feeds.

Canadian Natural Resources (CNQ - option chain) stock is trading lower today after the company announced it has halted crude oil production at its Horizon oil-sands plant in Alberta, Canada, after a fire broke out in a plant facility Thursday. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on CNQ.

This morning, CNQ opened at $40.61. So far today the stock has hit a high of $41.84 and a low of $40.42. As of 12:15, CNQ is trading at $41.15, down $1.95 (-4.5%). The chart for CNQ looks bullish and S&P gives CNQ a positive 4 STARS (out of 5) buy ranking.

Continue reading Canadian Natural Resources Shuts Down Plant After Fire

Canadian Natural Resources Shuts Down Plant After Fire originally appeared on BloggingStocks on Fri, 07 Jan 2011 14:00:00 EST. Please see our terms for use of feeds.

Continue reading Canadian Natural Resources: Take Some Profits off the Table?

Canadian Natural Resources: Take Some Profits off the Table? originally appeared on BloggingStocks on Thu, 06 Jan 2011 14:00:00 EST. Please see our terms for use of feeds.

The shares of Canadian Natural Resources (CNQ), first discussed here at the split-adjusted price of $31.80 on May 24, 2010, appear to have put in a bottom at/near $30, after meandering the entire summer. As a result I'm removing the stand aside view, and I think it's prudent to consider the shares again here.

CNQ's four-month dance with the key, 50-day moving average this summer was a danger sign, from a technical standpoint, but the calculation here is that at $36, the shares will likely not test $30 gain. Three plunges to about $30 held support, and the chart has formed a double-bottom.

Continue reading Has Canadian Natural Resources Put in a Bottom at $30?

Has Canadian Natural Resources Put in a Bottom at $30? originally appeared on BloggingStocks on Wed, 20 Oct 2010 16:00:00 EST. Please see our terms for use of feeds.

Continue reading Canadian Natural Resources Has What an Energy-Hungry World Needs

Canadian Natural Resources Has What an Energy-Hungry World Needs originally appeared on BloggingStocks on Mon, 04 Oct 2010 14:00:00 EST. Please see our terms for use of feeds.

Canadian Natural Resources (CNQ) has the assets an energy-hungry world needs. And its stock is worth a review.

Canadian Natural features balanced, low-risk assets, complemented by an oil sands production base.

CNQ's biggest project is its Horizon oil sands operation in the Athabasca oil sands region of Canada. The company estimates that there are 6 billion to 8 billion recoverable barrels available on this property.

Continue reading Canadian Natural Resources: 'Flash Crash' Creates an Opportunity

Canadian Natural Resources: 'Flash Crash' Creates an Opportunity originally appeared on BloggingStocks on Mon, 24 May 2010 14:30:00 EST. Please see our terms for use of feeds.

Continue reading Canadian Natural Resources is the north-of-the-border oil play

Canadian Natural Resources is the north-of-the-border oil play originally appeared on BloggingStocks on Mon, 14 Apr 2008 17:31:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Cowen upgraded shares of Motorola Inc (NYSE: MOT) and Nokia Corporation (NYSE: NOK) to Outperform from Neutral. The firm expects Motorola to benefit as the mobile phone market in North America improves as market supply tightens in Q4 and results in better unit pricing, while Nokia's new phones put it in a position to realize higher unit sales.
  
• Credit Suisse upgraded shares of General Mills Inc (NYSE: GIS) to Outperform from Neutral citing management's improved execution and openness, and well as valuation.
  
• Cantor raised shares of AudioCodes (NASDAQ: AUDC) to Buy from Hold after channel checks suggested that Q3 business is tracking well.
  
• OceanFreight Inc (NASDAQ: OCNF) was upgraded to Buy from Neutral at Oppenheimer on valuation and strong dry-bulk fundamentals.

• Lehman upgraded shares of Roche Holding (OTC: RHHBY) to Overweight from Equal Weight.
  
• Goldman upgraded Southwest Airlines (NYSE: LUV) to Neutral from Sell.
  
• Deutsche Bank upgraded Buckeye Partners (NYSE: BPL) to Buy from Hold.
  
• Citigroup raised Canadian Natural Resources (NYSE: CNQ) to Buy from Hold.

Analyst upgrades: MOT, NOK, GIS, AUDC and OCNF originally appeared on BloggingStocks on Thu, 20 Sep 2007 10:25:00 EST. Please see our terms for use of feeds.

In his Block Trader Oil & Gas, Peter Way follows the big hedge funds and market makers to find out what they are doing. Here's a look at his top oil plays.

He observes, "The hedgers at the NYMEX are protecting their crude oil positions in ways that indicate they see continuing upward pressure on prices."

Based on this hedging activity, he states, "The outlook for the next 12 expiration months that the by major players at the crude oil table suggest little lasting price weakness, and a general level prevailing above $70 over the remainder of the year."

What are the best stocks to buy to bet on the trend for firm oil prices? To decide, Peter Way looks at the buying patterns of market makers -- the big boys on the trading floor.

From their positions, he notes, "Among the large oil producers, China's CNOOC, Ltd. (NYSE: CEO), Canadian Natural Resources, Ltd. (NYSE: CNQ), and Suncor Energy (NYSE: SU) all combine historically strong odds and payoffs."

In addition, he notes positive market maker activity among oil exploration & production stocks. He explains, "With significant quantities of low-cost reserves already found, and prospects for additional finds tied up, these companies inevitably will get acquired by bigger producers whose customer demands exceed their yearly reserve findings."

For many, he says, it's just a matter of time. Notable stocks in the stock, he adds, are Holly Corp. (NYSE: HOC), Carrizo Oil & Gas (NASDAQ: CRZO), Range Resources (NYSE: RRC), Southwest Energy (NYSE: SWN), Ultra Petroleum (NYSE: UPL), and Talisman Energy (NYSE: TLM).

For more stock picks from the leading financial newsletter advisors, visit Steven Halpern's free daily website, TheStockAdvisors.com.

Block traders target oil exploration and production stocks originally appeared on BloggingStocks on Thu, 14 Jun 2007 10:20:00 EST. Please see our terms for use of feeds.