5 Most Profitable Canadian Stocks

4. Canadian Natural Resources Limited (NYSE:CNQ)

Trailing Twelve Months Net Income: $8.9 billion (1CAD = 0.75USD)

Number of Hedge Fund Holders In Q3 2022: 41

Canadian Natural Resources Limited (NYSE:CNQ) is an oil and gas company based in Calgary. The firm has billions of barrels of oil reserves and operations all over the globe.

Canadian Natural Resources Limited (NYSE:CNQ), along with other oil companies won some respite in British Columbia in January 2023 when an agreement with a tribal group allowed the resumption of oil and gas activity. By the end of last year’s third quarter, 41 of the 920 hedge funds polled by Insider Monkey had bought Canadian Natural Resources Limited (NYSE:CNQ)’s shares.

Donald Yacktman’s Yacktman Asset Management is Canadian Natural Resources Limited (NYSE:CNQ)’s largest investor. It owns 15 million shares that are worth $842 million.

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