TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

78.42
+1.37 (1.78%)
as of Oct 30, 2026, 8:00:00 pm Market Closed.
1410 watching
0
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.
BUY
Very well managed company, but valuation is higher than other opportunities. Currently expecting a 7x multiple on the stock price (65% upside). Thinks there are more opportunities with higher appreciation opportunities.
STRONG BUY
It's one of his biggest energy holdings. He started buying this last October and he continues to buy it. No one can predict the outcome of the Russia-Ukraine war. Has 11% free cash flow and pays a 3.8% dividend yield. A great hedge in this market.
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