$1000 Invested In Canadian Natural Res 20 Years Ago Would Be Worth This Much Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Canadian Natural Resources (NYSE:CNQ) has produced an average annual return of 13.15%, outperforming the market by 5.65% on an annualized basis. A $1000 investment in CNQ 20 years ago would be worth $11,877.83 today. The company currently has a market capitalization of $70.15 billion. The article highlights the impact of compounded returns on investment growth over time.
November 16, 2023 | 3:30 pm
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Canadian Natural Resources (NYSE:CNQ) has significantly outperformed the market with a 13.15% average annual return over the past 20 years, turning a $1000 investment into $11,877.83 today.
The historical performance of CNQ is impressive, indicating strong management and business resilience. This track record may continue to attract long-term investors, potentially driving the stock price up in the short term. However, past performance is not always indicative of future results, and investors should consider current market conditions.
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