Middle East Conflict Lifted Canadian Natural Resources Limited (CNQ)

Middle East Conflict Lifted Canadian Natural Resources Limited (CNQ) Soumya Eswaran Mon, May 25, 2026 at 10:13 PM GMT+7 3 min read ^GSPC CNQ Yachtman Asset Management released its first-quarter 2026 investor letter for its AMG “Yacktman Focused Fund”. A copy of the letter is available to download here. The Fund returned 10.37% for the first quarter, outperforming both the Russell 1000® Value Index and the S&P 500 Index, which returned 2.10% and -4.33%, respectively. The U.S. markets continue to post new highs, with the S&P 500® having compounded at mid-twenties percent returns from 2023 to 2025. The letter noted that there are no indications of a slowdown in the US market, despite significant geopolitical events. The Fund remains disciplined, investing in companies and building a portfolio of strong, risk-adjusted returns throughout the market cycle, emphasizing a long-term strategy for differentiated returns. In addition, please check the Fund’s top five holdings to know its best picks in 2026.

In its first-quarter 2026 investor letter, Yacktman Focused Fund highlighted Canadian Natural Resources Limited (NYSE:CNQ). Canadian Natural Resources Limited (NYSE:CNQ) is an energy company that engages in acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs). On May 22, 2026, Canadian Natural Resources Limited (NYSE:CNQ) closed at $48.61 per share. One-month return of Canadian Natural Resources Limited (NYSE:CNQ) was 7.97%, and its shares gained 56.55% over the past 52 weeks. Canadian Natural Resources Limited (NYSE:CNQ) has a market capitalization of $101.39 billion.

Yacktman Focused Fund stated the following regarding Canadian Natural Resources Limited (NYSE:CNQ) in its Q1 2026 investor letter: