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 Video: What is a Stock Split?
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| Canadian Natural Resources Limited is a Canada-based independent crude oil and natural gas exploration, development and production company. Co.'s segments include exploration and production, oil sands mining and upgrading, and midstream and refining. The exploration and production segment are focused on North America, specifically in Western Canada; the United Kingdom portion of the North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. Its Oil Sands Mining and Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands and through its direct and indirect interest in the Athabasca Oil Sands Project. According to our CNQ split history records, Canadian Natural Resources has had 6 splits. | |
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Canadian Natural Resources (CNQ) has 6 splits in our CNQ split history database. The first split for CNQ took place on June 01, 2004. This was a 2 for 1 split, meaning for each share of CNQ owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. CNQ's second split took place on May 31, 2005. This was a 2 for 1 split, meaning for each share of CNQ owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. CNQ's third split took place on June 01, 2010. This was a 2 for 1 split, meaning for each share of CNQ owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. CNQ's 4th split took place on August 22, 2022. This was a 1021 for 1000 split, meaning for each 1000 shares of CNQ owned pre-split, the shareholder now owned 1021 shares. For example, a 8000 share position pre-split, became a 8168 share position following the split. CNQ's 5th split took place on June 11, 2024. This was a 2 for 1 split, meaning for each share of CNQ owned pre-split, the shareholder now owned 2 shares. For example, a 8168 share position pre-split, became a 16336 share position following the split. CNQ's 6th split took place on June 01, 2016. This was a 1013 for 1000 split, meaning for each 1000 shares of CNQ owned pre-split, the shareholder now owned 1013 shares. For example, a 16336 share position pre-split, became a 16548.368 share position following the split.
When a company such as Canadian Natural Resources splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the CNQ split history from start to finish, an original position size of 1000 shares would have turned into 16548.368 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Canadian Natural Resources shares, starting with a $10,000 purchase of CNQ, presented on a split-history-adjusted basis factoring in the complete CNQ split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
11/13/2015 |
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| End date: |
11/11/2025 |
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| Start price/share: |
$11.45 |
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| End price/share: |
$32.39 |
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| Starting shares: |
873.36 |
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| Ending shares: |
1,353.15 |
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| Dividends reinvested/share: |
$8.69 |
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| Total return: |
338.29% |
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| Average Annual Total Return: |
15.92% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$43,828.79 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
11/13/2015 |
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| End date: |
11/11/2025 |
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| Start price/share: |
$11.45 |
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| End price/share: |
$32.39 |
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| Dividends collected/share: |
$8.69 |
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| Total return: |
258.78% |
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| Average Annual Total Return: |
13.62% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$35,867.39 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/01/2004 | 2 for 1 | | 05/31/2005 | 2 for 1 | | 06/01/2010 | 2 for 1 | | 08/22/2022 | 1021 for 1000 | | 06/11/2024 | 2 for 1 | | 06/01/2016 | 1013 for 1000 |
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