Canadian Natural Resources (CNQ) Announces Pricing of Medium-Term Notes

Canadian Natural Resources Limited (NYSE:CNQ) is included among the 11 Energy Stocks to Buy for a Retirement Portfolio.

Canadian Natural Resources Limited (NYSE:CNQ) is a senior crude oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the UK portion of the North Sea, and offshore Africa.

On December 4, Canadian Natural Resources Limited (NYSE:CNQ) announced the pricing of its medium-term notes with maturities of 3, 5, and 10 years, with coupons of 3.3%, 3.75%, and 4.55% respectively. The offering is expected to close on December 8, with net proceeds of C$1.65 billion going towards general corporate purposes.

In other news, earlier on November 24, Desjardins analyst Chris MacCulloch downgraded Canadian Natural Resources Limited (NYSE:CNQ) from ‘Buy’ to ‘Hold’, while assigning it a price target of C$52.

Canadian Natural Resources Limited (NYSE:CNQ) has grown its dividends for 25 consecutive years with a CAGR of 21%. The company also currently boasts an impressive annual dividend yield of 4.89%, putting it among the 13 Best Canadian Dividend Stocks to Buy and Hold for the Long Term.

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Disclosure: None.