CANADIAN NAT RES LTD

Ticker: CNQ CUSIP: 136385101 Class: Common Stock

PCJ Investment Counsel Ltd.'s Holding History (CIK: 0001426318)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 119,800 Value ($000) $4,058 Avg Close $32.42 Range $29.68 - $35.12

Q3 2025

Shares 115,810 Value ($000) $3,702 Avg Close $31.32 Range $29.30 - $33.24

Q2 2025

Shares 267,620 Value ($000) $8,416 Avg Close $29.98 Range $24.33 - $34.34

Q1 2025

Shares 268,230 Value ($000) $8,255 Avg Close $29.57 Range $24.95 - $32.63

Q4 2024

Shares 118,730 Value ($000) $3,661 Avg Close $32.47 Range $28.46 - $36.46

Q3 2024

Shares 121,600 Value ($000) $4,037 Avg Close $33.15 Range $30.37 - $35.76

Q2 2024

Shares 120,310 Value ($000) $4,286 Avg Close $35.42 Range $31.40 - $38.80

Q1 2024

Shares 62,555 Value ($000) $4,774 Avg Close $31.17 Range $27.39 - $35.97

Q4 2023

Shares 46,765 Value ($000) $3,064 Avg Close $29.83 Range $27.19 - $31.64

Q3 2023

Shares 55,195 Value ($000) $3,569 Avg Close $27.87 Range $24.38 - $30.89

Q2 2023

Shares 82,895 Value ($000) $4,660 Avg Close $25.69 Range $23.94 - $28.00

Q1 2023

Shares 86,955 Value ($000) $4,812 Avg Close $25.17 Range $21.64 - $27.62

Q4 2022

Shares 101,605 Value ($000) $5,642 Avg Close $25.10 Range $21.23 - $27.43

Q3 2022

Shares 98,745 Value ($000) $4,590 Avg Close $22.25 Range $18.55 - $25.43

Q2 2022

Shares 57,365 Value ($000) $3,082 Avg Close $25.60 Range $20.54 - $29.08

Q1 2022

Shares 56,975 Value ($000) $3,527 Avg Close $22.24 Range $17.26 - $26.41

Q4 2021

Shares 65,505 Value ($000) $2,770 Avg Close $16.72 Range $14.67 - $17.88

Q3 2021

Shares 63,705 Value ($000) $2,326 Avg Close $13.45 Range $11.79 - $14.98

Q2 2021

Shares 61,715 Value ($000) $2,240 Avg Close $13.30 Range $11.40 - $15.05

Q1 2021

Shares 109,185 Value ($000) $3,375 Avg Close $10.80 Range $8.74 - $12.74

Q4 2020

Shares 120,725 Value ($000) $2,901 Avg Close $7.94 Range $5.72 - $9.97

Q3 2020

Shares 184,255 Value ($000) $2,951 Avg Close $6.98 Range $6.10 - $8.03

Q2 2020

Shares 247,325 Value ($000) $4,293 Avg Close $6.17 Range $4.38 - $8.38

Q1 2020

Shares 136,105 Value ($000) $1,863 Avg Close $8.74 Range $2.41 - $11.75

Q4 2019

Shares 191,210 Value ($000) $6,192 Avg Close $9.88 Range $8.59 - $11.67

Q3 2019

Shares 212,330 Value ($000) $5,653 Avg Close $8.91 Range $7.93 - $10.19

Q2 2019

Shares 1,071,854 Value ($000) $28,963 Avg Close $9.77 Range $8.83 - $11.04

Q1 2019

Shares 1,362,550 Value ($000) $37,421 Avg Close $9.35 Range $7.94 - $9.99

Q4 2018

Shares 1,407,250 Value ($000) $33,940 Avg Close $9.44 Range $7.52 - $11.65

Q3 2018

Shares 1,471,100 Value ($000) $48,028 Avg Close $11.82 Range $10.76 - $12.76

Q2 2018

Shares 2,121,380 Value ($000) $76,521 Avg Close $11.72 Range $10.24 - $12.93

Q1 2018

Shares 2,137,400 Value ($000) $67,143 Avg Close $11.03 Range $9.80 - $12.63

Q4 2017

Shares 1,566,070 Value ($000) $56,146 Avg Close $11.45 Range $10.71 - $12.27

Q3 2017

Shares 1,541,520 Value ($000) $51,510 Avg Close $10.37 Range $9.24 - $11.50

Q2 2017

Shares 1,632,940 Value ($000) $47,051 Avg Close $10.12 Range $9.12 - $11.29

Q1 2017

Shares 1,676,990 Value ($000) $54,749 Avg Close $10.11 Range $9.27 - $10.98

Q4 2016

Shares 1,421,950 Value ($000) $45,371 Avg Close $10.54 Range $9.57 - $11.53

Q3 2016

Shares 1,575,630 Value ($000) $50,281 Avg Close $10.04 Range $9.32 - $10.64

Q2 2016

Shares 1,595,230 Value ($000) $48,961 Avg Close $9.28 Range $7.95 - $10.28

Q1 2016

Shares 1,801,170 Value ($000) $48,920 Avg Close $6.95 Range $4.60 - $9.02

Q4 2015

Shares 1,833,690 Value ($000) $39,892 Avg Close $7.23 Range $5.97 - $8.20

Q3 2015

Shares 1,770,890 Value ($000) $34,329 Avg Close $7.06 Range $5.87 - $8.44

Q2 2015

Shares 1,546,570 Value ($000) $41,995 Avg Close $9.60 Range $8.34 - $10.61

Q1 2015

Shares 1,803,880 Value ($000) $55,291 Avg Close $9.07 Range $7.99 - $9.96

Q4 2014

Shares 2,260,290 Value ($000) $70,097 Avg Close $10.28 Range $8.12 - $11.89

Q3 2014

Shares 1,825,290 Value ($000) $71,065 Avg Close $12.93 Range $11.67 - $14.11

Q2 2014

Shares 2,102,670 Value ($000) $96,788 Avg Close $12.47 Range $11.51 - $13.96

Q1 2014

Shares 2,305,370 Value ($000) $97,679 Avg Close $10.48 Range $9.45 - $11.57

Q4 2013

Shares 2,985,770 Value ($000) $107,309 Avg Close $9.59 Range $9.05 - $10.15

Q3 2013

Shares 2,701,270 Value ($000) $87,440 Avg Close $9.21 Range $8.24 - $9.97

Q2 2013

Shares 2,555,100 Value ($000) $75,759 Avg Close $8.76 Range $8.00 - $9.57

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	119,800	$4,058	$32.42	$29.68 - $35.12
Q3 2025	115,810	$3,702	$31.32	$29.30 - $33.24
Q2 2025	267,620	$8,416	$29.98	$24.33 - $34.34
Q1 2025	268,230	$8,255	$29.57	$24.95 - $32.63
Q4 2024	118,730	$3,661	$32.47	$28.46 - $36.46
Q3 2024	121,600	$4,037	$33.15	$30.37 - $35.76
Q2 2024	120,310	$4,286	$35.42	$31.40 - $38.80
Q1 2024	62,555	$4,774	$31.17	$27.39 - $35.97
Q4 2023	46,765	$3,064	$29.83	$27.19 - $31.64
Q3 2023	55,195	$3,569	$27.87	$24.38 - $30.89
Q2 2023	82,895	$4,660	$25.69	$23.94 - $28.00
Q1 2023	86,955	$4,812	$25.17	$21.64 - $27.62
Q4 2022	101,605	$5,642	$25.10	$21.23 - $27.43
Q3 2022	98,745	$4,590	$22.25	$18.55 - $25.43
Q2 2022	57,365	$3,082	$25.60	$20.54 - $29.08
Q1 2022	56,975	$3,527	$22.24	$17.26 - $26.41
Q4 2021	65,505	$2,770	$16.72	$14.67 - $17.88
Q3 2021	63,705	$2,326	$13.45	$11.79 - $14.98
Q2 2021	61,715	$2,240	$13.30	$11.40 - $15.05
Q1 2021	109,185	$3,375	$10.80	$8.74 - $12.74
Q4 2020	120,725	$2,901	$7.94	$5.72 - $9.97
Q3 2020	184,255	$2,951	$6.98	$6.10 - $8.03
Q2 2020	247,325	$4,293	$6.17	$4.38 - $8.38
Q1 2020	136,105	$1,863	$8.74	$2.41 - $11.75
Q4 2019	191,210	$6,192	$9.88	$8.59 - $11.67
Q3 2019	212,330	$5,653	$8.91	$7.93 - $10.19
Q2 2019	1,071,854	$28,963	$9.77	$8.83 - $11.04
Q1 2019	1,362,550	$37,421	$9.35	$7.94 - $9.99
Q4 2018	1,407,250	$33,940	$9.44	$7.52 - $11.65
Q3 2018	1,471,100	$48,028	$11.82	$10.76 - $12.76
Q2 2018	2,121,380	$76,521	$11.72	$10.24 - $12.93
Q1 2018	2,137,400	$67,143	$11.03	$9.80 - $12.63
Q4 2017	1,566,070	$56,146	$11.45	$10.71 - $12.27
Q3 2017	1,541,520	$51,510	$10.37	$9.24 - $11.50
Q2 2017	1,632,940	$47,051	$10.12	$9.12 - $11.29
Q1 2017	1,676,990	$54,749	$10.11	$9.27 - $10.98
Q4 2016	1,421,950	$45,371	$10.54	$9.57 - $11.53
Q3 2016	1,575,630	$50,281	$10.04	$9.32 - $10.64
Q2 2016	1,595,230	$48,961	$9.28	$7.95 - $10.28
Q1 2016	1,801,170	$48,920	$6.95	$4.60 - $9.02
Q4 2015	1,833,690	$39,892	$7.23	$5.97 - $8.20
Q3 2015	1,770,890	$34,329	$7.06	$5.87 - $8.44
Q2 2015	1,546,570	$41,995	$9.60	$8.34 - $10.61
Q1 2015	1,803,880	$55,291	$9.07	$7.99 - $9.96
Q4 2014	2,260,290	$70,097	$10.28	$8.12 - $11.89
Q3 2014	1,825,290	$71,065	$12.93	$11.67 - $14.11
Q2 2014	2,102,670	$96,788	$12.47	$11.51 - $13.96
Q1 2014	2,305,370	$97,679	$10.48	$9.45 - $11.57
Q4 2013	2,985,770	$107,309	$9.59	$9.05 - $10.15
Q3 2013	2,701,270	$87,440	$9.21	$8.24 - $9.97
Q2 2013	2,555,100	$75,759	$8.76	$8.00 - $9.57