TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

56.19
+0.13 (0.23%)
as of Jun 25, 2026, 8:00:00 pm Market Open.
1393 watching
0
Investor Insights
star iconJun 25, 2026, 12:00 am

This summary was created by AI, based on 93 opinions in the last 12 months.

Canadian Natural Resources (CNQ) has garnered mixed sentiments among analysts, with many highlighting its status as one of the best-managed companies in the energy sector. It is recognized for its strong cash flow generation capabilities and disciplined management approach, particularly in share buybacks and dividend increases, making it a staple among long-term investors. However, concerns about oil price fluctuations and their impact on growth and valuations have led to cautious observations about current entry points for new investors. While some experts see CNQ as a solid long-term hold with potential upside, others suggest caution due to recent price rises and the cyclical nature of the oil and gas market. Overall, the company benefits from its diverse asset base and low production costs, providing a buffer against volatility in energy markets.

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Consensus
Hold
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Valuation
Fair Value
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Similar
SU
BUY
Has a 22% free cash flow yield. Look for share buybacks and variable dividends. Has one of the smartest managers. A large cap which has the same upside as smaller caps but without the volatility. Very high quality.
BUY
Global slowdown is real. One of those names you can put in your RRSP and forget it. Well diversified, lots of free cashflow, dividends and buybacks. Safe bet at these levels. Yield about 4.1%.
BUY
Ovintiv vs. CNQ CNQ. It's twice as big an oil producer as Ovintiv (formerly Encana), and over time has compounded more wealth for shareholders. They have similar valuations. CNQ yields over 4% and Ovintiv at 1.9%. Have similar credit ratings. However, CNQ has way more oil in the ground to pump. That said, he is fading oil and gas in his portfolio.
BUY
Excellent company with very strong management. Long term prospects for company excellent. Large investments into reserves will start to payoff in the coming years. Strong commodity price good for cash flow. Conservative balance sheet. Expecting increase in return to shareholders(buybacks and dividends). Today a good day to buy with market selloff.
TOP PICK
Largest senior producer in Canada, diverse asset base, industry-leading cost structure. Can maintain dividend and cashflow even if oil were in mid-$30s. His outlook for oil is favourable. Dividend could increase. Yield is 4.14%. (Analysts’ price target is $91.67)
BUY
He has owned this for years for the dividend. Has a high 15% operating cash flow margin and are spending some on capex, buying back 1% of stock per year and paying a 4.2% dividend, plus a 2% special dividend.
PAST TOP PICK
(A Top Pick Jul 20/21, Up 87%) Energy still drastically undervalued. Global demand is building for energy, while the capacity has been curtailed. He'd continue to recommend this name within the group.
BUY
Recent special dividend was excellent for shareholders. Excellent management team led by N.Murray Edwards. Trading at 22% free cash flow yield. Expecting a 80% upside, but better names out there with potential higher returns.
BUY
If a selloff gets deep enough, it takes even the leaders down. It's rallying more than the market itself. Energy is his biggest weight. Valuations are exceedingly low. Enormous resource base, great infrastructure. Excellent entry point. If he had to buy one oil company, this would be it.
HOLD
He prefers CNQ to SU in the large cap space, as it's a more disciplined capital allocator.
WAIT
The energy sector has come off in the past month but could stay fairly strong depending on the slow down in the economy. Trading is based on commodity prices. Wait for a pull back. Central banks in Asia are actually starting to cut rates to stimulate the economies.
PAST TOP PICK
(A Top Pick Aug 30/21, Up 69%) Very well managed, offering broad exposure to Canadian oil. Energy has been under-invested since 2015. Earnings should be $11 EPS. This stock can be well over $100. They paid down their debt, so they could buyback shares. Will raise their dividends. This will continue to do well if oil prices remain high.
HOLD
Go-to name when global investors want more exposure to oil. Strong balance sheet. High quality. 6x earnings, huge cashflow this year. Could correct back to mid-low $60s, a good entry point. Yield is 4%.
COMMENT
Stock split? He wouldn't know the odds. They've done them in the past. It's usually done by the high-share-price companies to broaden their investor base. CNQ is not at a crazy high price, but never say never. Splits don't change the fundamentals.
COMMENT
Rather than a company doing both fossil and green energy, better to find a pure play energy, or a pure play renewable. For energy, look at EOG or CNQ. Try BEP.UN for renewables.
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