Canadian Natural Resources Ltd (CNQ)

[Timothy Smith]

Canadian Natural Resources Ltd. (NYSE:CNQ) is engaged in the entire business process of crude oil, NGLs, and natural gas production, from acquisition to marketing to sales.

They operate primarily in Western Canada, although they have a presence in the North Sea and off the coasts of Africa as well. Similar to OXY, CNQ felt the burden of slumping natural resource prices and gave away over 16% of its share price since this time last year.

They do have a dividend yield of 1.4%, although current investors would have missed the boat if not holding going into December 12th of last year. In Q4 of 2011, CNQ occupied almost 5% of Pickens' portfolio.

He has since traded out of the stock according to his last 13F filing. Billionaire Ken Fisher of Fisher Asset Management is on his way to doing the same, reducing his position by 81% for the same filing period.