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Investment Q&A

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Canadian Natural Resources Limited (CNQ $43.49)
- $43.49 P/E (TTM): 10.95X Cap: $90.50B
- View CNQ Profile
- View Questions on CNQ

Q: Thanks a lot for the very informative reply to my earlier question on CNQ.
While reading your reply, I was wondering what fraction of its debt is subject to interest rates determined in Canada vs the US rates. Or do you think it is immaterial.
Thanks again.

Asked by TOM on March 13, 2025

5i Research Answer:

91% of CNQ's net debt is denominated in US dollars. The majority is at fixed rates (i.e. not floating rate variable). Since oil is priced in US dollars we are comfortable with this set up.

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