Canadian Natural Rsrcs (CNQ.TO)

All the oil/gas companies have reserves reviewed annually, which evaluates inventory depth. He scrutinizes operating costs. CNQ has extreme inventory depth on oil, in addition to longer-term optionality on natural gas. Massive insider ownership. May just win the race to reach the inflection point of returning 100% of free cashflow to investors.

In oil, buy at home, but Canadians, because they're much cheaper and are more likely to hike dividends like CNQ, Suncor or TOU-T. Great cash flows and buying back shares. Even if oil is above $70, these stocks remain cheap.

Currently buying shares in the company.
Excellent management team with free cash producing assets.
Oil production will continue to grow.
Major capital expenditures over - able to produce oil with less costs.
Expected to generate $12 billion in free cash in 2024 ($80 billion market cap).
Higher dividends and share buybacks will continue.
Outlook for Canadian energy much better.
~5% dividend yield that is very stable.

Excellent company with high quality management team.
Counter cyclical acquirers. 
Has never cut dividend.
Long term - excellent investment.
Expecting dividend increases. 
If oil remains above $70, expecting further dividends and share buybacks.

It is one of the better ones and is active in conventional oil, gas drilling operations, and the oil sands. It has a dividend of 4% and is good at returning money to shareholders.

Not zero debt, but it's getting much lower. One of the best, executes very well. Reducing capex, increasing dividend, buying back shares, paying down debt. Fossil fuel is not going away, demand will continue.

Very strong management. Long-life assets are hard to replace. Companies that are able to manage debt and shareholder returns are being rewarded. Once debt reaches a certain level in 2024, 100% of cashflow goes to shareholders.

It's no hitting the top of its range this year, hitting resistance, but if you buy now you could be rewarded in a year. Energy is interesting now. The risk/reward is pretty good. But he prefers other energy names. Take a third of a position. He'd feel better if this broke above the mid-$80s.

Is currently trading at its $80 ceiling. If it breaks $80 it will be great news. Buy on that breakout, but not now.

A core holding. They've never cut the dividend and have grown it for many years. One of the best management teams anywhere in the world; are great counter-cyclical buyers. He's very bullish natural gas, which is another tailwind for CNQ. Their Oil Sands are best in class and will continue to produce steady cash flow.

Believes large companies will conserve capital & return it to shareholders rather than M&A activity.
New mentality that shareholders need to be re-paid.
Long term CNQ is a great hold.

It is moving sideways same as most of the oil stocks. The floor is probably in the $70 range. Eventually it should go up.

He doesn't know where oil prices are going to go, but he's confident that oil demand will be pretty strong over the next 5-10 years. Extremely well run. Fantastic fundamentals. Big oil sands capex spend is done, just free cashflow now. Own this instead of utilities, pipelines, or banks. Raised dividend for 20+ years, more to come.

Top tier performer.
Excellent management team led by Murray Edwards.
Strong dividend yield.
Record profits even with lower prices.
Demand for energy not going anywhere.