Image source: Getty Images
Crude oil prices are falling as investors worry about slowing demand and the possibility of an upcoming recession. The pullback in oil prices has driven the valuation of TSX energy stocks lower, allowing you to buy the dip. Canadian Natural Resources (TSX:CNQ) is one such magnificent TSX stock, down 23% from all-time highs that you can buy and hold forever. Let’s see why.
An overview of Canadian Natural Resources
Valued at $92 billion by market cap, Canadian Natural Resources explores, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids. It offers synthetic crude oil, light and medium crude oil, and bitumen. Moreover, the company’s midstream and refining assets include two crude oil pipeline systems and a 50% working interest in an 84-megawatt cogeneration plant.
In the last 20 years, Canadian Natural Resources has returned over 700% to shareholders. However, if…
