{
 "as_of": "2026-11-06",
 "cmr": "ca-cm-kg/TSX/CNQ",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Canadian Natural Resources Limited (TSX: CNQ) — research page\n\nAs of 2026-11-06 · ca-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Canadian Natural Resources Limited, listed on the TSX under ticker CNQ, with LEI 5493008IGIA1HJMDJS40. The ISIN is not on the record. Its security type is Corporate, its sector is Oil & Gas, its jurisdiction is Alberta, and its segment is not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 23 filings across 18 filing days in the window 2025-11-06 to 2026-11-06. The median gap between filing days is 3 days. The latest filing is dated 2026-11-05, is a financial statement, and is 1 day before the record date of 2026-11-06. On the TSX the median cadence gap is 16 days and the median latency is 3.0 days. In the Oil & Gas sector the median cadence gap is 17 days, the median filing count is 13, and the median latency is 5 days.\n\n## Auditor\n\nThe auditor of record is PricewaterhouseCoopers LLP. Its location is not on the record. The record holds no auditor changes.\n\n## Events and halts\n\nThe record holds no listing, delisting, name change, domicile change or segment move lines. The issuer is listed and not halted.\n\n## Orderability\n\nUnder paragraph (o) of the definition the signal is ACM-200 and the outcome is determinable. Under paragraph (q) of the definition the signal is ACM-200 and the outcome is determinable. The rule version is acm-68000/ca/kyp-know-your-product-ni-31-103/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 18 research houses: ATB Financial, BMO Capital Markets, CIBC World Markets Inc., Desjardins Securities Inc., Evercore ISI, Goldman Sachs & Co., Jefferies, J.P. Morgan Securities, Morgan Stanley, National Bank Financial Inc., Peters & Co. Limited, Raymond James Ltd., RBC Capital Markets, Scotiabank, TD Securities Inc, Tudor, Pickering, Holt & Co., UBS Securities and Wells Fargo.\n\n## Open research\n\nNo openly published research notes were found for the issuer.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe record holds no issuer years as sealed. The market's earliest sealed date is not on the record, and the market's vintage is not sealed. The live record began on 2026-09-10. Years 2021 through 2026 are sealed in the store but are not served as of a date, and the as-of door answers not_sealed.\n\n## Sources\n\n9 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.tsx.com/json/company-directory/search/tsx/^* (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/5493008IGIA1HJMDJS40 (identity.jurisdiction)\n- https://www.tsx.com/en/resource/571 (identity.sector)\n- https://mcp.ca-cm-kg.ai/events/TSX/CNQ (the disclosure lines)\n- https://iiroc.mediaroom.com/index.php?s=2429&l=100 (the halt flag)\n- https://www.stocktitan.net/sec-filings/CNQ/6-k-canadian-natural-resources-ltd-current-report-foreign-issuer-d95970af4933.html (the auditor)\n- https://mcp.ca-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.cnrl.com/investors/stock-information/ (coverage)\n- https://mcp.ca-cm-kg.ai/record/TSX/CNQ (the record)\n",
 "market": "CA",
 "node": "ca-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-10",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the CA store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "read_by": "Tavily regex",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.stocktitan.net/sec-filings/CNQ/6-k-canadian-natural-resources-ltd-current-report-foreign-issuer-d95970af4933.html",
    "state": "confirmed",
    "value": "PricewaterhouseCoopers LLP"
   },
   "auditor_firm_id": {
    "market": "CA",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "CA",
    "state": "not_on_record"
   },
   "changes": []
  },
  "cmr": "ca-cm-kg/TSX/CNQ",
  "coverage": {
   "count": 18,
   "houses": [
    {
     "house": "ATB Financial",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "BMO Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "CIBC World Markets Inc.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "Desjardins Securities Inc.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "Evercore ISI",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "Goldman Sachs & Co.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "Jefferies",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "J.P. Morgan Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "National Bank Financial Inc.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "Peters & Co. Limited",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "Raymond James Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "RBC Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "Scotiabank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "TD Securities Inc",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "Tudor, Pickering, Holt & Co.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "UBS Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    },
    {
     "house": "Wells Fargo",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.cnrl.com/investors/stock-information/",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.cnrl.com/investors/stock-information/",
     "result": "read: 18 of 36 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 2270,
     "median_cadence_gap_days": 16,
     "median_filings": 0,
     "median_latency_days": 3,
     "name": "TSX"
    },
    "sector": {
     "issuers": 113,
     "median_cadence_gap_days": 17,
     "median_filings": 13,
     "median_latency_days": 5,
     "name": "Oil & Gas"
    }
   },
   "by_type": {
    "agm_record_date": 1,
    "corporate_action": 7,
    "financial_statement": 2,
    "newswire_release": 13
   },
   "cadence_median_gap_days": 3,
   "filing_days": 18,
   "filings": 23,
   "latency_days": 1,
   "latest": [
    {
     "category": null,
     "date": "2026-11-05",
     "source": "https://www.newsfilecorp.com/release/322620/Canadian-Natural-Resources-Limited-Announces-2026-Third-Quarter-Results",
     "title": "Canadian Natural Resources Limited Announces 2026 Third Quarter Results",
     "type": "financial_statement"
    },
    {
     "category": null,
     "date": "2026-11-05",
     "source": "https://www.newsfilecorp.com/release/322615/Canadian-Natural-Resources-Limited-Announces-Quarterly-Dividend",
     "title": "Canadian Natural Resources Limited Announces Quarterly Dividend",
     "type": "corporate_action"
    },
    {
     "category": null,
     "date": "2026-11-02",
     "source": "https://www.newsfilecorp.com/release/314532/First-Atlas-Delineates-Two-HighPriority-Natural-Hydrogen-Drill-Targets-Following-Extensive-2026-SoilGas-Densification-Campaign",
     "title": "First Atlas Delineates Two High-Priority Natural Hydrogen Drill Targets Following Extensive 2026 Soil-Gas Densification Campaign",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-30",
     "source": "https://www.businesswire.com/newsroom/industry/natural",
     "title": "Natural Resources Breaking News and Press Releases",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-28",
     "source": "https://www.newsfilecorp.com/release/321236/Evolution-PowerX-Expands-Natural-Gas-Turbine-Electrification-Applications-with-Major-Canadian-Energy-Producer",
     "title": "Evolution PowerX Expands Natural Gas Turbine Electrification Applications with Major Canadian Energy Producer",
     "type": "newswire_release"
    }
   ],
   "latest_filing_date": "2026-11-05",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.ca-cm-kg.ai/events/TSX/CNQ",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "tsx.com company directory (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/json/company-directory/search/tsx/^*",
    "state": "sourced",
    "value": "TSX"
   },
   "isin": {
    "market": "CA",
    "reason": "no ISIN found on issuer pages",
    "state": "not_on_record"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) · adjudicated by Claude",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/5493008IGIA1HJMDJS40",
    "state": "filled",
    "value": "Alberta"
   },
   "lei": {
    "read_by": "GLEIF name-exact",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/5493008IGIA1HJMDJS40",
    "state": "sourced",
    "value": "5493008IGIA1HJMDJS40"
   },
   "name": {
    "read_by": "tsx.com company directory (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/json/company-directory/search/tsx/^*",
    "state": "sourced",
    "value": "Canadian Natural Resources Limited"
   },
   "sector": {
    "read_by": "TMX listed-companies workbook (exchange list, monthly; data month named in the source column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/en/resource/571 (tsx-and-amp-tsxv-listed-companies-2026-08-14-en.xlsx, data as of 31-Jul-2026)",
    "state": "sourced",
    "value": "Oil & Gas"
   },
   "security_type": {
    "read_by": "TMX listed-companies workbook (exchange list, monthly; data month named in the source column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/en/resource/571 (tsx-and-amp-tsxv-listed-companies-2026-08-14-en.xlsx, data as of 31-Jul-2026)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "CA",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "tsx.com company directory (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.tsx.com/json/company-directory/search/tsx/^*",
    "state": "sourced",
    "value": "CNQ"
   },
   "website": {
    "market": "CA",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": [],
   "domicile_change": [],
   "listing": [],
   "name_change": [],
   "segment_move": []
  },
  "market": "CA",
  "node": "ca-cm-kg",
  "numbers_hash": "sha256:0c3a5dee27b17e0579489bfa2584b358fbceb4d7b3f995f29d3cb3bfa01f4e44",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Paragraph (o) of the definition",
    "Paragraph (q) of the definition"
   ],
   "outcomes": {
    "Paragraph (o) of the definition": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Paragraph (q) of the definition": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.ca-cm-kg.ai/book/aio.json",
    "door": "https://mcp.ca-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/ca/kyp-know-your-product-ni-31-103/r1",
   "section": "ca.aio.v11"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.ca-cm-kg.ai/record/TSX/CNQ",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://iiroc.mediaroom.com/index.php?s=2429&l=100",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:0c3a5dee27b17e0579489bfa2584b358fbceb4d7b3f995f29d3cb3bfa01f4e44",
 "path": "/ca/TSX/CNQ",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Canadian Natural Resources Limited, listed on the TSX under ticker CNQ, with LEI 5493008IGIA1HJMDJS40. The ISIN is not on the record. Its security type is Corporate, its sector is Oil & Gas, its jurisdiction is Alberta, and its segment is not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 23 filings across 18 filing days in the window 2025-11-06 to 2026-11-06. The median gap between filing days is 3 days. The latest filing is dated 2026-11-05, is a financial statement, and is 1 day before the record date of 2026-11-06. On the TSX the median cadence gap is 16 days and the median latency is 3.0 days. In the Oil & Gas sector the median cadence gap is 17 days, the median filing count is 13, and the median latency is 5 days.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is PricewaterhouseCoopers LLP. Its location is not on the record. The record holds no auditor changes.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record holds no listing, delisting, name change, domicile change or segment move lines. The issuer is listed and not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "Under paragraph (o) of the definition the signal is ACM-200 and the outcome is determinable. Under paragraph (q) of the definition the signal is ACM-200 and the outcome is determinable. The rule version is acm-68000/ca/kyp-know-your-product-ni-31-103/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 18 research houses: ATB Financial, BMO Capital Markets, CIBC World Markets Inc., Desjardins Securities Inc., Evercore ISI, Goldman Sachs & Co., Jefferies, J.P. Morgan Securities, Morgan Stanley, National Bank Financial Inc., Peters & Co. Limited, Raymond James Ltd., RBC Capital Markets, Scotiabank, TD Securities Inc, Tudor, Pickering, Holt & Co., UBS Securities and Wells Fargo.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found for the issuer.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The record holds no issuer years as sealed. The market's earliest sealed date is not on the record, and the market's vintage is not sealed. The live record began on 2026-09-10. Years 2021 through 2026 are sealed in the store but are not served as of a date, and the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "9 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.tsx.com/json/company-directory/search/tsx/^*"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/5493008IGIA1HJMDJS40"
  },
  {
   "for": "identity.sector",
   "source": "https://www.tsx.com/en/resource/571"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.ca-cm-kg.ai/events/TSX/CNQ"
  },
  {
   "for": "the halt flag",
   "source": "https://iiroc.mediaroom.com/index.php?s=2429&l=100"
  },
  {
   "for": "the auditor",
   "source": "https://www.stocktitan.net/sec-filings/CNQ/6-k-canadian-natural-resources-ltd-current-report-foreign-issuer-d95970af4933.html"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.ca-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.cnrl.com/investors/stock-information/"
  },
  {
   "for": "the record",
   "source": "https://mcp.ca-cm-kg.ai/record/TSX/CNQ"
  }
 ],
 "title": "Canadian Natural Resources Limited (CNQ) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}