Q: Why does the Start Price for CNQ.TO in the INC portfolio equal 104.70? Is this a typo? CNQ was added on May 31 2024 and the highest price on May 31 was 51.761. Thanks
5i Research Answer:
CNQ recently has a 2-1 stock split that takes into effect on June 11. The current version of the Income Model Portfolio was as of May 31, which did not take into account the share split yet, we will adjust it accordingly in next month's issue. CNQ’s closing share price was $104.70 pre-split or equivalent to $52.35 post-split.