Canadian Natural Rsrcs (CNQ.TO)

One of the best oil companies in Canada. Focused on shareholder returns, reducing capex. Debt levels will go down. Oil is not going away. Gives them credit for taking steps on climate change. Yield is 4.9%.

Very well run. Also look at SU. These 2 names are his favourites. Look to add on a bigger correction.

Very strong large cap energy name.
Concerns of recession overblown - not too worried.
Tightening oil market will raise oil prices in the long term.
Good time to buy with current share price.
15% free cash flow yield.
~4.8% dividend yield.

It is in a basing pattern. It is one of the highest quality companies in the energy field. You could buy now if you have a long term view since there should be value on the fundamentals side. There is not a lot of energy production coming on board.

Bullish on oil. Management owns a lot of stock. Disciplined capital approach. Less of a drill-at-all-costs mentality and more money being returned to shareholders. Well managed, great long-life assets. Oil and nat gas might be under pressure now, but prices will go up as the transition to renewables takes its time. Strong cashflow. Yield is 4.93%.

Never bet against this management. Massive inventory depth, exposure to Canadian heavy oil, longer-term natural gas optionality. Should hit final debt target at end of this year, and announced shareholders will then get 100% of free cashflow. Super solid. Incredibly strong balance sheet. Yield is 5%.

It is great company with a very diverse asset base. It has a pattern of trading sideways for a few years then shooting up. It has shot up again in the last few years so there is not much room to grow and there is downside pressure. Has a good dividend of 4.8%.

Because of ESG pressure, big cap oil has decided to buy back shares, pay down debt, increase dividends, keep capex reasonable. Great job of making good acquisitions and executing well, including being on time.

World-class operator. Respects management. Putting his money here to play the stronger oil market compared to 3-4 years ago.

Currently underweight in oil and gas. Financially strong. Good at returning capital to shareholders with dividend increases and buybacks.

There is lots of upside potential but the Fair Market Value (FMV) is slipping a bit and it is trading near a multi-year high. He prefers the junior oil and gas stocks since they are much cheaper with better upside potential. They also come with more volatility.

Premier play to add energy exposure. Good valuation, lots of free cashflow, more stable than lots of other E&P companies out there especially those in natural gas. Large, liquid, dividend growth. 

Paid 23 years of dividend increases. It's Canada's top gas producer with exposure to LNG. really likes it. Dipped below $70 briefly and rarely does to that level, but can still buy around $80 and collect the 4.5% dividend. A core holding for him.

ESG is treating big oil companies like pariahs. So big oil is buying back shares, keeping capex flat, increasing dividends, and paying down debt. And the bigger companies throw off a lot of free cash as oil price goes up.