Canadian Natural Resources Drops 6% After Hours, Shedding ~$6 Billion
As seen on the 24/7 Wall St. homepage on November 4, 2026.
A 6% drop off the $52.80 open is an outsized single session for a $102 billion energy major, erasing roughly $6 billion in market value at $49.60. Worth watching whether it holds this level into the next session.
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Canadian Natural Resources shed roughly $6 billion of market value after hours, a move well outside a typical day's range for an energy major of this scale.
The stock drifted lower through the extended session to $49.60, pointing to sustained selling pressure rather than one reactive spike.
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The $49.60 level is now the immediate line to watch: buyers defending it in the next regular session marks the drop as an overreaction, while an open below it extends the selloff.
A single-session loss of this size matters even at Canadian Natural Resources' scale, so keep an eye on the stock when regular trading resumes.
Sources
Mentioned: CNQ