CANADIAN NAT RES LTD

Ticker: CNQ CUSIP: 136385101 Class: Common Stock

Scheer, Rowlett & Associates Investment Management Ltd.'s Holding History (CIK: 0001426327)

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

Q4 2025

Shares 791,781 Value ($000) $26,819 Avg Close $32.42 Range $29.68 - $35.12

Q3 2025

Shares 956,117 Value ($000) $30,565 Avg Close $31.32 Range $29.30 - $33.24

Q2 2025

Shares 938,400 Value ($000) $29,513 Avg Close $29.98 Range $24.33 - $34.34

Q1 2025

Shares 917,170 Value ($000) $28,226 Avg Close $29.57 Range $24.95 - $32.63

Q4 2024

Shares 890,610 Value ($000) $27,461 Avg Close $32.47 Range $28.46 - $36.46

Q3 2024

Shares 878,345 Value ($000) $29,163 Avg Close $33.15 Range $30.37 - $35.76

Q2 2024

Shares 889,424 Value ($000) $31,685 Avg Close $35.42 Range $31.40 - $38.80

Q1 2024

Shares 446,117 Value ($000) $34,047 Avg Close $31.17 Range $27.39 - $35.97

Q4 2023

Shares 447,083 Value ($000) $29,292 Avg Close $29.83 Range $27.19 - $31.64

Q3 2023

Shares 455,260 Value ($000) $29,441 Avg Close $27.87 Range $24.38 - $30.89

Q2 2023

Shares 463,004 Value ($000) $26,027 Avg Close $25.69 Range $23.94 - $28.00

Q1 2023

Shares 449,089 Value ($000) $24,851 Avg Close $25.17 Range $21.64 - $27.62

Q4 2022

Shares 452,328 Value ($000) $25,119 Avg Close $25.10 Range $21.23 - $27.43

Q3 2022

Shares 457,900 Value ($000) $21,287 Avg Close $22.25 Range $18.55 - $25.43

Q2 2022

Shares 473,713 Value ($000) $25,454 Avg Close $25.60 Range $20.54 - $29.08

Q1 2022

Shares 492,305 Value ($000) $30,475 Avg Close $22.24 Range $17.26 - $26.41

Q4 2021

Shares 498,615 Value ($000) $21,085 Avg Close $16.72 Range $14.67 - $17.88

Q3 2021

Shares 521,325 Value ($000) $19,038 Avg Close $13.45 Range $11.79 - $14.98

Q2 2021

Shares 515,105 Value ($000) $18,696 Avg Close $13.30 Range $11.40 - $15.05

Q1 2021

Shares 521,405 Value ($000) $16,118 Avg Close $10.80 Range $8.74 - $12.74

Q4 2020

Shares 671,565 Value ($000) $16,138 Avg Close $7.94 Range $5.72 - $9.97

Q3 2020

Shares 913,805 Value ($000) $14,638 Avg Close $6.98 Range $6.10 - $8.03

Q2 2020

Shares 1,662,015 Value ($000) $28,832 Avg Close $6.17 Range $4.38 - $8.38

Q1 2020

Shares 1,572,242 Value ($000) $21,520 Avg Close $8.74 Range $2.41 - $11.75

Q4 2019

Shares 1,627,720 Value ($000) $52,720 Avg Close $9.88 Range $8.59 - $11.67

Q3 2019

Shares 2,233,250 Value ($000) $59,458 Avg Close $8.91 Range $7.93 - $10.19

Q2 2019

Shares 2,455,955 Value ($000) $66,363 Avg Close $9.77 Range $8.83 - $11.04

Q1 2019

Shares 2,429,437 Value ($000) $66,721 Avg Close $9.35 Range $7.94 - $9.99

Q4 2018

Shares 2,420,043 Value ($000) $58,366 Avg Close $9.44 Range $7.52 - $11.65

Q3 2018

Shares 2,081,728 Value ($000) $67,963 Avg Close $11.82 Range $10.76 - $12.76

Q2 2018

Shares 1,984,906 Value ($000) $71,598 Avg Close $11.72 Range $10.24 - $12.93

Q1 2018

Shares 1,543,452 Value ($000) $48,485 Avg Close $11.03 Range $9.80 - $12.63

Q4 2017

Shares 1,612,704 Value ($000) $57,818 Avg Close $11.45 Range $10.71 - $12.27

Q3 2017

Shares 2,051,675 Value ($000) $68,556 Avg Close $10.37 Range $9.24 - $11.50

Q2 2017

Shares 2,040,317 Value ($000) $58,789 Avg Close $10.12 Range $9.12 - $11.29

Q1 2017

Shares 1,933,386 Value ($000) $63,120 Avg Close $10.11 Range $9.27 - $10.98

Q4 2016

Shares 1,782,549 Value ($000) $56,877 Avg Close $10.54 Range $9.57 - $11.53

Q3 2016

Shares 1,911,887 Value ($000) $61,012 Avg Close $10.04 Range $9.32 - $10.64

Q2 2016

Shares 2,503,893 Value ($000) $76,850 Avg Close $9.28 Range $7.95 - $10.28

Q1 2016

Shares 3,524,187 Value ($000) $95,717 Avg Close $6.95 Range $4.60 - $9.02

Q4 2015

Shares 4,204,927 Value ($000) $91,479 Avg Close $7.23 Range $5.97 - $8.20

Q3 2015

Shares 4,875,214 Value ($000) $94,508 Avg Close $7.06 Range $5.87 - $8.44

Q2 2015

Shares 4,546,547 Value ($000) $123,455 Avg Close $9.60 Range $8.34 - $10.61

Q1 2015

Shares 4,969,604 Value ($000) $152,325 Avg Close $9.07 Range $7.99 - $9.96

Q4 2014

Shares 5,425,274 Value ($000) $168,250 Avg Close $10.28 Range $8.12 - $11.89

Q3 2014

Shares 5,545,212 Value ($000) $215,894 Avg Close $12.93 Range $11.67 - $14.11

Q2 2014

Shares 6,248,765 Value ($000) $287,637 Avg Close $12.47 Range $11.51 - $13.96

Q1 2014

Shares 6,095,058 Value ($000) $258,248 Avg Close $10.48 Range $9.45 - $11.57

Q4 2013

Shares 7,590,627 Value ($000) $272,807 Avg Close $9.59 Range $9.05 - $10.15

Q3 2013

Shares 7,807,351 Value ($000) $252,724 Avg Close $9.21 Range $8.24 - $9.97

Q2 2013

Shares 7,737,881 Value ($000) $229,428 Avg Close $8.76 Range $8.00 - $9.57

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	791,781	$26,819	$32.42	$29.68 - $35.12
Q3 2025	956,117	$30,565	$31.32	$29.30 - $33.24
Q2 2025	938,400	$29,513	$29.98	$24.33 - $34.34
Q1 2025	917,170	$28,226	$29.57	$24.95 - $32.63
Q4 2024	890,610	$27,461	$32.47	$28.46 - $36.46
Q3 2024	878,345	$29,163	$33.15	$30.37 - $35.76
Q2 2024	889,424	$31,685	$35.42	$31.40 - $38.80
Q1 2024	446,117	$34,047	$31.17	$27.39 - $35.97
Q4 2023	447,083	$29,292	$29.83	$27.19 - $31.64
Q3 2023	455,260	$29,441	$27.87	$24.38 - $30.89
Q2 2023	463,004	$26,027	$25.69	$23.94 - $28.00
Q1 2023	449,089	$24,851	$25.17	$21.64 - $27.62
Q4 2022	452,328	$25,119	$25.10	$21.23 - $27.43
Q3 2022	457,900	$21,287	$22.25	$18.55 - $25.43
Q2 2022	473,713	$25,454	$25.60	$20.54 - $29.08
Q1 2022	492,305	$30,475	$22.24	$17.26 - $26.41
Q4 2021	498,615	$21,085	$16.72	$14.67 - $17.88
Q3 2021	521,325	$19,038	$13.45	$11.79 - $14.98
Q2 2021	515,105	$18,696	$13.30	$11.40 - $15.05
Q1 2021	521,405	$16,118	$10.80	$8.74 - $12.74
Q4 2020	671,565	$16,138	$7.94	$5.72 - $9.97
Q3 2020	913,805	$14,638	$6.98	$6.10 - $8.03
Q2 2020	1,662,015	$28,832	$6.17	$4.38 - $8.38
Q1 2020	1,572,242	$21,520	$8.74	$2.41 - $11.75
Q4 2019	1,627,720	$52,720	$9.88	$8.59 - $11.67
Q3 2019	2,233,250	$59,458	$8.91	$7.93 - $10.19
Q2 2019	2,455,955	$66,363	$9.77	$8.83 - $11.04
Q1 2019	2,429,437	$66,721	$9.35	$7.94 - $9.99
Q4 2018	2,420,043	$58,366	$9.44	$7.52 - $11.65
Q3 2018	2,081,728	$67,963	$11.82	$10.76 - $12.76
Q2 2018	1,984,906	$71,598	$11.72	$10.24 - $12.93
Q1 2018	1,543,452	$48,485	$11.03	$9.80 - $12.63
Q4 2017	1,612,704	$57,818	$11.45	$10.71 - $12.27
Q3 2017	2,051,675	$68,556	$10.37	$9.24 - $11.50
Q2 2017	2,040,317	$58,789	$10.12	$9.12 - $11.29
Q1 2017	1,933,386	$63,120	$10.11	$9.27 - $10.98
Q4 2016	1,782,549	$56,877	$10.54	$9.57 - $11.53
Q3 2016	1,911,887	$61,012	$10.04	$9.32 - $10.64
Q2 2016	2,503,893	$76,850	$9.28	$7.95 - $10.28
Q1 2016	3,524,187	$95,717	$6.95	$4.60 - $9.02
Q4 2015	4,204,927	$91,479	$7.23	$5.97 - $8.20
Q3 2015	4,875,214	$94,508	$7.06	$5.87 - $8.44
Q2 2015	4,546,547	$123,455	$9.60	$8.34 - $10.61
Q1 2015	4,969,604	$152,325	$9.07	$7.99 - $9.96
Q4 2014	5,425,274	$168,250	$10.28	$8.12 - $11.89
Q3 2014	5,545,212	$215,894	$12.93	$11.67 - $14.11
Q2 2014	6,248,765	$287,637	$12.47	$11.51 - $13.96
Q1 2014	6,095,058	$258,248	$10.48	$9.45 - $11.57
Q4 2013	7,590,627	$272,807	$9.59	$9.05 - $10.15
Q3 2013	7,807,351	$252,724	$9.21	$8.24 - $9.97
Q2 2013	7,737,881	$229,428	$8.76	$8.00 - $9.57