TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

64.93
-1.85 (2.77%)
as of Aug 4, 2026, 8:00:00 pm Market Open.
1402 watching
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Investor Insights
star iconAug 4, 2026, 12:00 am

This summary was created by AI, based on 97 opinions in the last 12 months.

Canadian Natural Resources Limited (CNQ) has received mixed reviews from various experts. Many praise its strong management, stable cash flow, and consistent dividend growth, highlighting it as a reliable long-term investment in the energy sector. However, there are concerns regarding the cyclical nature of oil prices, with several analysts expressing caution about the long-term outlook for crude oil and suggesting potential headwinds from increased EV adoption and regulatory challenges. While short-term volatility is acknowledged, many experts believe CNQ's financial strength and diverse asset base position it well for the future. Overall, it is frequently noted as a solid choice for those looking to invest in the Canadian energy market, with a notable emphasis on the importance of oil price stability for CNQ's performance.

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Consensus
Hold
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Valuation
Fair Value
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Similar
Suncor,SU
BUY
Oil supply down with little capital investment the past 10 years. Creating good environment for energy prices. Largest energy company in Canada. Very disciplined capital management. Share price higher than it was in 2008. Would recommend buying.
BUY ON WEAKNESS
Commodities in general have been on fire. Oil is riding high. Be patient and wait for a pullback. Keep your eye on it.
HOLD
He loaded up on it at its lows. A great company, good addition to your Canadian portfolio. You want access to the commodity in an inflationary environment. Not terribly expensive. If you own it, sit on it, as energy looks tight for the next number of years.
BUY
There will be volatility, but energy is underowned. Great.
BUY ON WEAKNESS
Company has excellent management team (Murray Edwards). Believes company is very well run. 50% upside remains for stock at $80 oil. Not as undervalued as other energy stocks, but excellent company.
HOLD
Security of supply is still important, as we rely on oil for our daily lives. The industry is continuing to improve in terms of environmental impact. One of the best run with great free cashflow.
BUY
A very good quality company with excellent management, Consider the commodity sector a trade rather than an investment. Own for the cycle or 5 year horizon. Still some time left in the sector.
TOP PICK
A major with great price momentum and still cheap valuation. Like many of the energy companies, it is trading at 6x EBITDA. 13x earnings. Hitting a number of metrics. Their latest deal is accretive for them immediately. A safer way to play a continuation in the energy bull market. Relatively early days he thinks. (Analysts’ price target is $63.02)
BUY
Trading at 4.6x and 18% free cashflow yield. Even with it being up so much, could get a good dividend though they are deleveraging more. 10% free cashflow yield as a target. 33% upside at $70 and 65% upside at $80.
BUY ON WEAKNESS
CVE-T vs. CNQ-T. CNQ-T has not outperformed over ten years but he would be weighted more towards it for the short term at this point, buying on weakness. The dividend return is important to a lot of investors.
HOLD
These days, you want to own the larger cap players. They all plan to cut back spending, reduce debt, increase dividend, buy back shares. Won't be massive increases in exploration and production. Oil is not going away.
BUY
Likes CNQ a bit better than SU. But both will throw off a nice bit of cash, for a nice rising dividend which will be valuable if we're in an environment where rates slowly go higher.
BUY
Trading below peers at 4.4x. Balance sheet has turned around remarkably. Has some production growth, and good cashflow per share growth. Good dividend that pays while you wait. Magic here is oil prices. If oil prices are benign, investors will get more comfortable with the name.
BUY
CNQ vs. Suncor The energy sector looks good. Today's news says that we could see oil prices topping $100 in 2022, but he thinks $80 is a more realistic target. Growing demand for oil should continue into 2022. CNQ could crack the summer's resistance level. Stick with the large-cap oil names. CNQ vs. Suncor? Own both. Anything could happen to smaller-cap names in the face of a fourth wave of Covid. Long-term, though, oil names will be less and less attractive.
HOLD
Balance sheet in good shape. Oil at these levels means incredible levels of free cashflow. Trading at historically low multiples. Economy is slowing, so he reduced his position in the summer to about 2%. He tries to ignore OPEC news, but would be fine with the name for the next few months.
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