CNQ Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: CNQ's robust fundamentals, strong dividend yield, and operational efficiency support a bullish outlook amid recent price stabilization.




Bearish Case: High implied volatility and flat price action, coupled with geopolitical tensions, pose bearish threats to CNQ's short-term performance.




Potential Outcomes: 60% growth driven by strong fundamentals; 25% price stagnation due to high volatility; 15% correction from sector risks.




Trading Oracle: Initiate a bullish credit put spread targeting 30-60 days, selling $30 puts. Capture premium from high volatility. Favorable risk/reward with 70% profit probability, leveraging mean-reversion potential and dividend yield support.



January 15, 2025


Canadian Natural Resources Forecast

CNQ        Canadian Natural Resources











Correlated Assets

Assets that tend to move strongly with CNQ



DVN Forecast + Options Trading Strategies   DVN  Devon Energy (0.87)


FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (0.83)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.81)


LYB Forecast + Options Trading Strategies   LYB  LyondellBasell Industries (0.8)


RIG Forecast + Options Trading Strategies   RIG  Transocean (0.78)



Uncorrelated Assets

Assets with little price relationship to CNQ



ESTC Forecast + Options Trading Strategies   ESTC  Elastic (0.0)


WRAP Forecast + Options Trading Strategies   WRAP  Wrap (0.01)


LLY Forecast + Options Trading Strategies   LLY  Lilly(Eli) (-0.02)


ODFL Forecast + Options Trading Strategies   ODFL  Old Dominion Freight Line (-0.02)


DOMO Forecast + Options Trading Strategies   DOMO  Domo (0.04)



Anticorrelated Assets

Assets that tend to move strongly against CNQ



COMM Forecast + Options Trading Strategies   COMM  CommScope (-0.68)


NOW Forecast + Options Trading Strategies   NOW  ServiceNow (-0.68)


INFY Forecast + Options Trading Strategies   INFY  Infosys (-0.69)


CLPT Forecast + Options Trading Strategies   CLPT  ClearPoint Neuro (-0.69)


TVTX Forecast + Options Trading Strategies   TVTX  Travere Therapeutics (-0.72)









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