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Better Energy Stock: Canadian Natural Resources vs. Brookfield Renewable Partners


Published on 2024-12-16 16:41:27 - The Motley Fool Canada
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  • Both of these energy stocks offer nice yields that serve as a foundation for solid long-term returns potential.

The article from Fool.ca, published on December 16, 2024, compares two energy stocks: Canadian Natural Resources (CNQ) and Brookfield Renewable Partners (BEP.UN). Canadian Natural Resources, an oil and gas company, has shown strong financial performance with a significant increase in production and a commitment to returning capital to shareholders through dividends and share buybacks. It has a robust balance sheet and a history of dividend growth. On the other hand, Brookfield Renewable Partners focuses on renewable energy, offering a diversified portfolio of hydroelectric, wind, solar, and energy storage assets. It provides a high dividend yield and has a track record of consistent dividend growth, supported by long-term power purchase agreements. The article suggests that while CNQ offers stability and growth in the traditional energy sector, BEP.UN is positioned for long-term growth in the renewable energy market, appealing to investors interested in sustainability and long-term income.

Read the Full The Motley Fool Canada Article at:
[ https://www.fool.ca/2024/12/16/better-energy-stock-canadian-natural-resources-vs-brookfield-renewable-partners/ ]
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