Q: Comments on CNQ earning please ?
5i Research Answer:
EPS of 97c beat estimates of 91c; revenue of $8.89B beat estimates of $8.42B. EBITDA of $4.39B beat estimates by 4%. Production fell 2.2% but control of costs helped improved overall results. The dividend was increased by 7% (previously announced). With massive free cash flow ($9.7B over 12 months) CNQ continues to buyback stock and look for M&A targets. Things look very solid here.