4 Trade Ideas For Canadian Natural Resources Stock for Apr 14 2015

Apr 13, 2015 | Canadian Natural Resources Stock (CNQ), Trade Alerts and Ideas

While Canadian Natural Resources Stock is not my favorite oil stock, once in a while a trade presents itself that has to be considered. CNQ Stock is not a junior by any stretch. With revenue of $18.9 billion it has earnings that only a handful of Canadian companies can boast. It trades at a very respectable 11.4 times price to earnings and 5.6 times cash flow. With a book value of $26.46 per shares Canadian Natural Resources Stock is an interesting trade at various times throughout the year.

At present I spot 4 very good trades which have varying degrees of protection. I watched with interest Canadian Natural Resources Stock today. The stock is sitting above $40 but moving inside the Upper Bollinger Band. The stock has been in an uptrend pretty well since the start of March when it tested for support at the $36 valuation. Support was tested twice. The first test was Feb 27 and the second test March 10.

Since then CNQ stock has continued to climb. The rest of this article is for FullyInformed Canada Members as I trade CNQ Stock on the TSX instead of New York.

Here are 4 trade ideas for Canadian Natural Resources Stock for Tuesday Apr 14 2015. Presently I am preparing to enter two of these trades.

4 Trade Ideas For Canadian Natural Resources Stock

FullyInformed Canada Members can review this latest Canadian Natural Resources Stock strategy article directly through this link or they can sign in to the full Canada members site here. Non-members can join here or read about the benefits of being a member.

Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.