Canadian Natural Rsrcs (CNQ.TO)

He's light in energy. CNQ has rallied recently after being rangebound.

In the longer term it is well run. Oil could go substantially higher with the Geo-political situation.

Primary holding within energy. One of best managed companies in Canada. Excellent capital allocation skills with strong assets. Chairman has lots of skin in the game. Very strong cash flow that is being returned to shareholders. 

Oil prices weak recently, generally gets a little firmer coming into winter. Lots of Middle East conflict. US energy producers in general have performed much worse than Canadian, partly because of debate on whether shale can sustain production. 

Longer term, the sector is attractive and these companies will generate a ton of cash and strong dividend growth. Near-term technical questions. He'd love to see price of oil stabilize. It has in last couple of days, but that's geopolitically driven.

This one gets the nod for growth.

Sold BCE a few months ago. Slowed down its dividend growth. Core businesses are facing sluggish secular growth. Balanced sheet is more leveraged, debt downgraded. Applauds selling sports asset, but not enough to get his interest.

Does not own shares in the business. Natural resource stocks are not asset light - require lots of capital. Also, company is a price "taker" - no control. Oil and gas is also a commodity which makes it hard to determine outlook. In summary, very hard to determine outlook of business - not good for investors. Would rather a high quality business that is predictable. 

Management is terrific. Financially very sound. One of the lowest break evens (mid-$40s) of all peers. Strong cashflow, 100% free cashflow being returned to shareholders via buybacks and dividends. Long-life assets, no need to drill like crazy. Yield is 4.7%.

Wonderful Canadian company. Energy is an important part of a diversified portfolio. Energy transition to renewables is going to take a lot longer than we think.

Owns shares in company, ~9% weighting in fund. Company excellent at capital allocation. Very strong free cash flow yields. Company has pledged to return 100% of cash flow to shareholders. Recent weakness in energy markets a good time to buy. 

Likes it. Approaching support levels of late last year, technically a bit oversold. Oil prices and the uncertain outlook have pushed down energy names. Mid- and longer-term, will continue to perform well. Yield is ~4.7%, secure.

He doesn't own it but has lots of respect for this blue-chip company. It is good for exposure to the oil and gas sector. It tends to move sideways mostly and then have a big jump so be patient with it.He prefers the mid-streamers in this sector as well as the service stocks.

Likes its assets. Management team is the best in the world, not just in energy. Skews 60/40 for oil/natural gas, and she likes this mix. 

(Note short timeframe.) Giant cashflow generator, returning cash to stakeholders, buying back shares. Over next 5 years, dividends and multiples and earnings will all double. Unique long-life assets, doesn't need to put new capital into the ground. Opportunity with increased means to get product out of Canada.

Likes energy sector in general. Particularly positive on nat gas. Going into a part of the year of decent strength and demand for oil. Geopolitical factors are underpinning oil right now. Likes oil going into Q4, and this name should do well breaking above resistance. Rate cuts will help.

Highly regards management, company, and disciplined return of capital to shareholders. If he were looking to add Canadian oil sands, this would certainly be #1, 2 or 3. Great assets. Own it, sleep well. He added XOM recently.

An excellent senior producer, exposed to the Oil Sands and natural gas, strong balance sheet and returning cash to shareholders. Can't predict commodity prices.