1010 ET - Raymond James remains bullish on Canadian Natural Resources following 2026 budget and production guidance that was roughly in line with its and consensus expectations. Analyst Michael Barth tweaks its modeling for the company, which sees it trading at an about 9.3% sustaining free cash flow yield in 2026, which he views as reasonably attractive. Raymond James affirms its outperform recommendation. The shares are now down 2.7% at C$43.44 amid broad declines for Canadian energy stocks. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
December 16, 2025 10:10 ET (15:10 GMT)
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