Canadian Natural Resources (CNQ) has become the first oil and gas producer listed on the
Toronto Stock Exchange to surpass $100 billion in market value.
The milestone for Canadian Natural Resources came after its stock rose 1.9% to hit a new all-
time high of $86.42 in Toronto trading yesterday (April 20).
The Calgary-based oil producer is now the fourth most valuable publicly traded oil and gas
producer in North America.
Canadian Natural’s stock is up 180% since the beginning of 2021, propelling the company’s
market value past Suncor Energy (SU), which had previously been the most valuable Canadian
oil company.
Shares of Canadian Natural Resources, which pumps more than 1.2 million barrels of oil and
gas per day, have been rising since March 2020 when the company surprised investors with a
dividend increase.
Future catalysts for the shares could include a stock split. The company previously split its
shares twice in 18 months. Canadian Natural Resources’ stock is currently trading at an all-time
high.
