Scotiabank upgrades Canadian Natural Resources, causing 2.4% stock rise

From StockTwits: 2025-03-20 01:24:17

Scotiabank upgraded Canadian Natural Resources U.S. shares to ‘outperform,’ causing a 2.4% rise. The company’s stock underperformed due to tariff exposure and weak oil prices, presenting a buying opportunity. Canada exports 4 million barrels per day to the U.S., with Canadian Natural as a top producer. The company posted record production numbers and completed acquisitions to boost output. Retail sentiment on Stocktwits shifted to ‘neutral.’ Oil prices rose after a U.S. distillate inventory drawdown. Canadian Natural shares fell 1.5% YTD. Fed Chair Powell mentioned Trump tariffs may affect price stability.



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