CANADIAN NAT RES LTD

Ticker: CNQ CUSIP: 136385101 Class: Common Stock

PICTON MAHONEY ASSET MANAGEMENT's Holding History (CIK: 0001539041)

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

Q4 2025

Shares 4,666,597 Value ($000) $158,287 Avg Close $32.42 Range $29.68 - $35.12

Q3 2025

Shares 5,170,054 Value ($000) $165 Avg Close $31.32 Range $29.30 - $33.24

Q2 2025

Shares 5,193,500 Value ($000) $163 Avg Close $29.98 Range $24.33 - $34.34

Q3 2018

Shares 172,800 Value ($000) $5,643 Avg Close $11.82 Range $10.76 - $12.76

Q2 2018

Shares 204,100 Value ($000) $7,362 Avg Close $11.72 Range $10.24 - $12.93

Q2 2014

Shares 147,500 Value ($000) $6,772 Avg Close $12.47 Range $11.51 - $13.96

Q1 2014

Shares 164,500 Value ($000) $6,312 Avg Close $10.48 Range $9.45 - $11.57

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,666,597	$158,287	$32.42	$29.68 - $35.12
Q3 2025	5,170,054	$165	$31.32	$29.30 - $33.24
Q2 2025	5,193,500	$163	$29.98	$24.33 - $34.34
Q3 2018	172,800	$5,643	$11.82	$10.76 - $12.76
Q2 2018	204,100	$7,362	$11.72	$10.24 - $12.93
Q2 2014	147,500	$6,772	$12.47	$11.51 - $13.96
Q1 2014	164,500	$6,312	$10.48	$9.45 - $11.57