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Canadian Natural Resources Limited (CNQ) touched a fresh 52-week high last Thursday, reflecting a business firing on all cylinders and outperforming peers through disciplined operations and shareholder-focused capital allocation. Despite the rally, underlying fundamentals continue to strengthen, with the stock up 7.6% YTD compared to 15% for Cenovus Energy and over 24% for Suncor Energy. CNQ has beaten the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 9.3%. The company achieved record production of 1.62 million BOE/d in Q3, expanding near-term cash generation and reinforcing the strength of its operating engine.

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