Canadian Natural Resources shares are trading lower as natural gas stocks fall amid reports indicating a Norway pipeline will be repaired by Friday, alleviating supply concerns.
Portfolio Pulse from Benzinga Newsdesk
Canadian Natural Resources shares are trading lower as natural gas stocks fall amid reports indicating a Norway pipeline will be repaired by Friday, alleviating supply concerns.
June 04, 2024 | 2:04 pm
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Canadian Natural Resources shares are trading lower as natural gas stocks fall amid reports indicating a Norway pipeline will be repaired by Friday, alleviating supply concerns.
The news of the Norway pipeline repair alleviates supply concerns, leading to a drop in natural gas prices. This negatively impacts Canadian Natural Resources, which is heavily involved in natural gas production.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100