Saturday, October 31, 2020

CNQ.TO stock: I should look into and purchase some stocks

 Canadian Natural Resources (TSX:CNQ)(NYSE:CNQ) is the last TSX stock I want to focus on in this piece. This Calgary-based company is engaged in hydrocarbon exploration in western Canada and around the world. Its shares have dropped 47% in 2020.

Energy stocks have been throttled due to the pandemic, but demand is on track to recover in 2021. This TSX stock possesses an attractive P/B value of 0.7. Better yet, it last paid out a quarterly dividend of $0.425 per share. This represents a monster 8.1% yield. Canadians on the hunt for income and exposure to energy should consider Canadian Natural Resources right now.

The post 4 Amazing TSX Stocks to Buy With $2,000 appeared first on The Motley Fool Canada.

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