Canadian Natural Rsrcs (CNQ.TO)

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.

(Stock split 11 June 2024)  She's still bullish. More volatile than normal. Fairly valued. One of the highest quality businesses in senior O&G universe. 15-18% upside potential to the highest price targets, so she's going to ride it a bit longer. Yield is 4%. 

8/10 on both fundamentals and value. The street has it at Outperform.

Every time he's sold, he's regretted it. 35 years of stay-flat inventory, 6x PE, shareholders are now getting 100% free cashflow. 10-11% free cashflow yield for 2025-2026. Fortress balance sheet, extremely competent management team. Yield is 4.2%.

A Conservative government in Ottawa would champion the sector, providing another catalyst to eliminate the discount applied to Canadian oil and gas stocks.

It is a great operator that is shareholder friendly like many other oil and gas companies. He doesn't own because he is not sure of where oil prices are going. If there is a shift to renewables then less oil will be needed. If oil prices become greatly depressed then maybe it becomes a buy.

Part of his core portfolio. A buy today. Pricing is a bit lower than the average of the broader market. He'd still like to see continued earnings growth and improved cashflow. Great company with great prospects. Still massive demand for energy and it's well positioned.

Management's executed incredibly well over the years, whether on acquisitions or on projects. Will suffer a bit with the price of oil; if oil can get higher, stock will do well. He's attracted by its paying down debt, reducing capex, and buying back shares.

Don't have to go outside Canada to invest in oil & gas. We have a great O&G industry, and this is a great name to own.

He sold earlier this year as technicals and, more importantly, RSI deteriorated. Pulled back. Too early to say if it's bottomed out or not. He'd be looking for a better base forming and improvement in RSI.