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Image source: Getty Images Canadian Natural Resources (NYSE:CNQ)(TSX:CNQ) is a Canadian-based senior independent energy company engaged in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs). Canadian Natural Resources was founded in 1973 and is headquartered in Calgary, Canada. The company has over 10,000 employees and is quite inexpensive with a price-to-earnings ratio of 10.32, price-to-book ratio of 1.15, dividend yield of 5.46%, and market capitalization of $28.17 billion. Debt is very sparingly used at Canadian Natural Resources, as evidenced by a debt-to-equity ratio of just 0.73. The company’s principal core regions of operations are Western Canada, the U.K. sector of the North Sea, and Offshore Africa. Canadian Natural Resources initiates, operates, and maintains a large working interest in a majority of the prospects in which it participates.

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