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
0
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
TOP PICK
It has been the most successful large oil company in his career. It has developed a diverse asset base. It has managed the down-turns of the industry extremely well emerging stronger every cycle. Demand for oil will recover with airline travel. (Analysts’ price target is $55.36)
TOP PICK
One of Canada's leading senior oil produces with low-long assets. Free cash flow growth will rise sharply in coming years. Expect more dividends or share buybacks. They're more flexible than peers. (Analysts’ price target is $54.41)
PARTIAL BUY
If you believe in the oil story, it could be a good play. Oil will remain elevated in the recovery story. Fundamentals are favourable. If you own it, you are not at risk of seeing a significant pullback.
HOLD

Management always good at executing. Balance sheet allows them to make favourable acquisitions. He owns this instead of SU, because you only need to own one of the big oil companies in Canada.

TOP PICK
They have massive free cash flow. They have a long history of dividend increases. It is still cheap relative to where commodity prices could go. You want to average into it. (Analysts’ price target is $47.63)
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Looks fine. Compared to peers in the sector, it has not cut its dividends in downturn. Raised dividends in March. It is good for sector exposure and is looking very cheap at 10x earnings. Unlock Premium - Try 5i Free

PAST TOP PICK
(A Top Pick Mar 04/20, Up 21%) He'll own this for a long time and will still buy it in the low-30s. They increased their dividend last year and for the last 30 years or so. Super management enduring in a tough environment. Managers focus on free cash flow.
DON'T BUY

He prefers Suncor, rumoured to be held back by massive selling by the Saudis. He expects SU to outperform CNQ. CNQ outperformed last year. Its valuation is better than SU, but he expects SU to outperform.

BUY

The whole reflation trade is a trade. Oil stocks have been beaten down for a while. For a trade, the energy price pop is good. However, as a long term trend, they are not investable since there is a move away from traditional energy. He has no preference between CNQ or SU. He is overweight energy right now.

COMMENT

He would prefer SU for the dividend but there is risk that it will be cut. CNQ is a little more natural gas as well.

TOP PICK
We have been going through a unique time when the small cap players outperform the large caps. You can own large caps with the likelihood of upside fairly large. At $50 oil, they are trading at a 16% free cashflow yield and 23% at $60. (Analysts’ price target is $33.77)
COMMENT

CNQ would be better for dividend sustainability. They have less maintenance requirements on their properties, a better run company. There is better inside ownership. He owns both. At $60 oil, CNQ will have 18% free cashflow yield. Suncor has less leverage due to refining exposure.

BUY
One of only two global oil managers not to cut dividends, and so the yield is up. One of the best managed companies anywhere in any industry. Death of oil is greatly exaggerated. Will continue to be a lower cost producer. Likes it for the long term. Reasonable dividend will continue. Yield is almost 8%.
PARTIAL BUY

The Painted Pony transaction is immaterial in the grand scheme of things for CNQ. CNQ is a well-run company. It could probably double from here with their cashflow break even being at $27 for maintenance cap-ex. A very well-run and cheap large cap. He just prefers small cap.

DON'T BUY

It does not have downstream operations, but is trading at the same valuation as SU-T. He would give it a pass. There was a sell signal three weeks ago. Wait for a positive transit.

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