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xavierprivas

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xavierprivas

Re: mr_o post# 23011

Sunday, 11/01/2020 1:47:54 PM

Sunday, November 01, 2020 1:47:54 PM

Post# of 29422
I am not sure CNQ is competitive at all. They lost $310M in 2Q20 and $1592M
for the first six months of 2020.

https://www.cnrl.com/upload/report/132/03/q220-interim.pdf

Their dividend does not seem safe as they sold more bonds $1.5B
to stay liquid but it looks like the same strategy as CVX and XOM with
higher debt and unsustainable dividend. Also there is 15% withholding tax
on Canadian dividend. Might as well buy XOM or CVX.

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