TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

70.28
-1.42 (1.98%)
as of Sep 16, 2026, 4:08:54 pm Market Open.
1408 watching
0
PAST TOP PICK
(A Top Pick Feb 03/21, Up 160%) Not bullish on energy prices. Cautious on the name. Darling amongst energy stocks with excellent dividend yield. Very strong management.
BUY
A great business that's executed and acquired well. Oil will be tighter than people think. After 2020, they all cut capex, paid down debt, bought back stock, increased dividends. They continue to do all this. Will continue to throw off lots of free cash.
DON'T BUY
Sell CNQ, buy SU? CNQ has a model price of $135.07, 65% upside. Where were investors 2 years ago, when they could have bought these stocks for pennies? SU doesn't have as high a valuation, has 100% upside. Neither is at a level he'd buy today, he'd want meaningful pullbacks.
BUY
He's overweight oil. It's still a tight market and will remain so, despite demand worries from China. CNQ is buying back shares, all good for shareholders. CNQ is dominant in this space, focusing on heavy crude oil. Is concerned of the widening price difference between WTI and WCS crude oil. Also likes Suncor, Crescent Point, Arc and Whitecap.
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.
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