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  5. CNQ: Assuming stable oil prices and no Trump tariffs ( having no expectations on these 2 assumptions occurring or not ), which of these 2 companies dividends will grow more quickly ? [Canadian Natural Resources Limited]
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Q: Assuming stable oil prices and no Trump tariffs ( having no expectations on these 2 assumptions occurring or not ), which of these 2 companies dividends will grow more quickly ?

At what price of oil have the companies stated that their current dividend level could be maintained before lowering it ?

Thanks. Derek.
Asked by Derek on December 16, 2024
5i Research Answer:

The companies do not really quantify oil prices in correlation to their dividend. This would likely see shares sell off sharply even if oil dipped temporarily. CNQ has the much better dividend growth record, and we would expect that to be maintained. SU's record of course is blemished by its big dividend cut in 2020. 

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