Canadian Natural Rsrcs (CNQ.TO)

The caller asked about his preference between Tourmaline and CNQ. Both are the highest quality oil and gas companies in Canada. Tourmaline is superbly run but is natural gas weighted and moves around a lot along with the price of natural gas. CNQ is more diversified and therefore its stock price is steadier.

Wonderful Canadian and investment story. Returning more and more to shareholders. Any increase to oil price should go to its bottom line. Balance sheets will be stronger, will let them weather any drop in prices. Still buying.

High quality, good operations in oil and gas, mostly in western Canada. High returns. Energy is very defensive now, but is also cyclical, so results can be volatile. Expects oil prices to remain high for a while. Are generating lots of free cash, so could raise the dividend past 4.3%, buyback shares and buy companies. But shares are at all-time highs. Take profits and buy on dips.

Natural gas is entering seasonality, especially November. CNQ has gas exposure. The chart is positive, breaking out recently after consolidating in recent years. 

Very strong management team. Excellent assets. Shareholder friendly. Lots of land. 

Excellent company that has sold shares in due to strength in price. Better names in sector for capital appreciation. Good for dividend investors. Currently trading at 6x cash flow. Expecting debt target to be met in the next few weeks. 100% of free cash flow will be returned to shareholders of 2024. Very strong management team. 

One of the best Canadian oil companies. Oil prices will stay at these levels given geopolitics, and oil demand will increase as societies normalize. Such companies are investing in de-carbonization, but are given a bad rap about the environment.

Energy is still an attractive place to invest. One of the most reputable and well-run energy companies in Canada. Energy prices will swing, but the whole renewables process will take a long time. Oil demand will remain high, especially with emerging economies like India and China.

It broke resistance at $80. Possibly, it could return to $80 (he recently took profits on his oil stocks). A great chart. You can take profits. But if it pulls back, he's be all over it.

Owns shares in company. High quality energy stock. Excellent management team. Good for long term investors. Massive share buybacks & falling debt levels. ~$100 Canadian oil prices very strong. OPEC spare capacity will be managed well. Never cut dividend that has been raised consistently.
 

Spitting out cash. Lots of free cashflow. Buybacks. Once debt gets below $10B, 100% of free cashflow will be returned to shareholders. Get exposure to a company that's just printing cash. Yield is 4.32%.

Canadian energy will remain strong; the smaller players will get more bang for the buck.  The Saudis and Russian are colluding to keep energy prices high, which will continue for the short term, at least.

It is both liquid and natural gas. It should generate good returns for the next several years.

Yield is 4.1% and will grow, probably about 3-4% going forward. Will probably do more share buybacks. Higher highs and lows, recently broke out. Oil supply will remain constrained, demand will steadily increase.