Canadian Natural Rsrcs (CNQ.TO) Buy, Sell or…

Canadian Natural Rsrcs (CNQ.TO)

78.42

+1.37 (1.78%)

as of Oct 30, 2026, 8:00:00 pm Market Closed.

1410 watching

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.

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)

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Canadian Natural Rsrcs (CNQ.TO)