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Canadian Natural Resources Limited (CNQ $61.23)
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Peyto Exploration & Development Corp. (PEY $26.94)
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Logan Energy Corp. (LGN $0.83)
Q: Hi there, can this price action for CNQ continue to be supported here?
Why the strong march upward today, Wednesday?
Why the sudden increase in these shares in 2026?
On the flip side, why is LGN so muted here and not participating at all?
Is it tightly held and controlled?
Can PEY continue its upward march here too and why?
Thanks!
Why the strong march upward today, Wednesday?
Why the sudden increase in these shares in 2026?
On the flip side, why is LGN so muted here and not participating at all?
Is it tightly held and controlled?
Can PEY continue its upward march here too and why?
Thanks!
5i Research Answer:
CNQ is executing very well. There was no additional news on Wednesday but the sector is showing some life and the valuation and dividend are attractive. Production is good and cash flow has grown. We think the outlook remains solid. PEY is similar, and benefited from natural gas's big surge last month. LGN is much smaller, which adds risks. It is also expensive, for a small cap. EPS is forecast to be relatively flat this year, so investors are not paying much attention.