Teal Linde Canadian Natural Rsrcs CNQ-T BUY Sep 08, 2025

In a flat or questionable oil price environment, this former darling is being sold as a relative trade. Take advantage of that. Best operator in the business. Just inked first natural gas contract off an LNG project in the US. Own it long term and do well. Yield is 5.7%.

Definitely don't sell. If you have extra funds, buy more. Happy to buy around low $40s. Premium assets, lower decline rate. Nice mix of oil and gas. Premium management team, one of the best in the world. FCF returned to shareholders via buybacks, consistent dividend increases. Another one to own forever. Has never cut the dividend, now 5.5%.

Bit of a downtrend for past year or so. 200-day MA has been falling, with stock price consistently below that. Not meeting some of his technical factors. Dividend remains steady, may increase depending on how oil prices go. Oil down and oversupplied. Yield is 5.4%.

This has been sideways for years. CNQ is not a growth company. The sector itself is sideways. Buy low and sell high in this space--you can apply this to any mature E&P energy company.

It's quite possible they will buy smaller Canadian companies. One of his primary energy stocks. Is very bullish oil and gas, driven by the US market.

One of the best-managed Canadian companies that exist. Attractive today, mainly because we don't need a huge breakout in oil prices to deliver a decent return. WTI is sitting ~$61-62. Best consolidator in the basin. Core part of your energy allocation, though not quite a screaming buy today.

Highest beta to oil price, as it's the least vertically integrated of the seniors. Top-notch management. Very strong FCF. Solid balance sheet. Great yield. Chart's flat over last year, much due to lack of differentiating catalysts (unlike SU or CVE). Low oil price has impacted ability to hit internal debt targets or increase share buybacks.

Steadily climbing to first resistance around the key level of $45, which is a "reversal of polarity" (support becomes resistance, resistance becomes support). Good news is that it's broken out of downtrend. Much stronger technically. Watch: does it break out above $45? If yes, starts to look really good.