$Canadian Natural Resources (CNQ.US)$ 🎯August 14, 2023, the...

New data: 2022Q4 and the whole year, the first two quarters of 2023.

In the fourth quarter of 2022, revenue grew by 8.1%, and operating profit shrank significantly by 67.1% due to the decline in gross margin. Net income only declined by 40% due to the impact of selling securities income of 0.265 billion, resulting in a full-year revenue growth of 50.8% in 2022, operating profit growth of 55.2%, and net income growth of 42.7%.

In the first two quarters of 2023, revenue shrank by 29.1%, operating profit shrank by 54.7%, and net income only shrank by 51% due to the impact of selling securities income of 0.27 billion.

The current pe is 8.8, and the ttm pe has increased to 12.3. Considering that the profit has been declining for three consecutive quarters, it is possible that the peak of the sector cycle has passed, so I have temporarily closed the positions.