Cnq stock price edges higher amid reports of increased

CNQ stock price edges higher amid reports of increased production efficiency at core assets. Fundamental momentum coupled with a constructive global demand backdrop strengthens the positive outlook. Canadian Natural Resources (NYSE:CNQ) has to acquire a 20% interest in the Athabasca Oil Sands Project (AOSP) from Chevron Canada Limited. This acquisition will increase the company’s total interest in AOSP to 90%. The deal includes a 20% stake in the Muskeg River and Jackpine mines, the Scotford Upgrader, and the Quest Carbon Capture and Storage facility. The acquisition is expected to add approximately 62,500 barrels per day of synthetic crude oil production to the company’s portfolio. Here’s a breakdown of recent trading of $CNQ stock by members of Congress over the last 6 months: Trend analysis shows CNQ stock price maintaining a strong upward slope over the 50-day moving average. This technical indicator reinforces bullish sentiment for medium-term investors.