Canadian Natural Resources Limited drawdown: 9.1% below the all-time high
Canadian Natural Resources Limited is 9.1% below its all-time high, set Sep 1, 2026 (as of market close, Sep 30, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −9.1%
- 90.9% of ATH
- All-time high
- $51.81
- Sep 1, 2026
- Time below the high
- 29 days
- since Sep 1, 2026
- Worst-ever drawdown
- −85.6%
- Mar 19, 2020
- Longest underwater
- 13.7 yrs
- between all-time highs
- Today's level first reached
- Mar 11, 2026
- 7 mo ago
- Last time this deep
- Aug 7, 2026
- in a previous episode
% of all-time high since 2000#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jun 18, 2008 | Mar 19, 2020 | −85.6% | 11.8 yrs | Feb 16, 2022 | 13.7 yrs |
| Apr 10, 2024 | Apr 8, 2025 | −38.9% | 12 mo | Feb 18, 2026 | 1.9 yrs |
| Sep 15, 2000 | Nov 16, 2001 | −37.6% | 14 mo | May 20, 2003 | 2.7 yrs |
| Feb 6, 2006 | Oct 3, 2006 | −34.8% | 8 mo | May 7, 2007 | 15 mo |
| Apr 20, 2022 | Sep 26, 2022 | −33.5% | 5 mo | Oct 16, 2023 | 18 mo |
| Nov 6, 2007 | Jan 23, 2008 | −29.9% | 3 mo | Apr 21, 2008 | 5 mo |
| Sep 1, 2005 | Oct 20, 2005 | −25.5% | 49 days | Dec 12, 2005 | 3 mo |
| Mar 19, 2026 | Jul 1, 2026 | −23.0% | 3 mo | Aug 20, 2026 | 5 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2000: how far Canadian Natural Resources Limited stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is Canadian Natural Resources Limited from its all-time high?
- Canadian Natural Resources Limited is currently 9.1% below its all-time high, set Sep 1, 2026 (as of market close, Sep 30, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Canadian Natural Resources Limited drawdown ever?
- The deepest decline on record in our data (since 2000) took Canadian Natural Resources Limited 85.6% below its prior high, bottoming Mar 19, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from CNQ; no free deep history exists for Canadian Natural Resources Limited — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.