CANADIAN NAT RES LTD

Ticker: CNQ CUSIP: 136385101 Class: Common Stock

Cardinal Point Capital Management, ULC's Holding History (CIK: 0001950841)

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

Q4 2025

Shares 228,221 Value ($000) $7,741 Avg Close $32.42 Range $29.68 - $35.12

Q3 2025

Shares 219,331 Value ($000) $7,011 Avg Close $31.32 Range $29.30 - $33.24

Q2 2025

Shares 232,120 Value ($000) $7,282 Avg Close $29.98 Range $24.33 - $34.34

Q1 2025

Shares 231,600 Value ($000) $7,074 Avg Close $29.57 Range $24.95 - $32.63

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	228,221	$7,741	$32.42	$29.68 - $35.12
Q3 2025	219,331	$7,011	$31.32	$29.30 - $33.24
Q2 2025	232,120	$7,282	$29.98	$24.33 - $34.34
Q1 2025	231,600	$7,074	$29.57	$24.95 - $32.63