-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下： CNQ公佈的調整後每股收益為1.17加元，與去年同期持平，但高於市場普遍預期的1.06加元。總產量增加4%至164萬桶油當量/日，主要得益於收購及新增熱井平台。由於西海岸天然氣價差擴大至14.12美元/桶，抵消了產量增長和天然氣價格走強的影響，調整後資金流下降3%至43.7億加元；同時，由於計劃棄井，國際產量下降了61%。該公司將2026年產量預期上調至161.5萬至166.5萬桶油當量/日，並將營運資本支出預期從63億加元下調至59.9億加元，這表明公司採取了審慎的資本配置策略。管理層保持了強勁的財務靈活性，擁有61.7億加元的流動資金，債務帳面比率為26.6%，處於目標範圍內。在回購3.11億加元股票的同時，季度股利提高了6%至每股0.625加元。我們認為，將日產量預期提高1.5萬桶油當量是正面的，儘管淨資本支出增加導致自由現金流顯著下降，這反映了公司近期將投資重點放在成長型資產上。
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