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

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Canadian Natural Rsrcs (CNQ.TO)

63.76

-2.46 (3.71%)

as of Jun 5, 2026, 8:00:00 pm Market Open.

1398 watching

Investor Insights

Jun 5, 2026, 12:00 am

This summary was created by AI, based on 93 opinions in the last 12 months.

Canadian Natural Resources (CNQ) is regarded as one of the best-managed oil and gas companies in Canada, demonstrating solid operational performance and a commitment to returning capital to shareholders through dividends and stock buybacks. Experts highlight its significant reserve base, discipline in management, and ability to remain profitable even at lower oil prices, contributing to its attractiveness as a long-term hold. Despite some experts mentioning concerns regarding oil price volatility and the broader energy market outlook, many agree that CNQ's diversification and low-cost production make it a resilient player in the industry. The company has consistently raised dividends for over 25 years, reflecting strong cash flow generation and fiscal responsibility, with analysts projecting a positive long-term trajectory for the stock, particularly if oil prices stabilize or rise again.

Consensus

Hold

Valuation

Fair Value

Similar

Suncor,SU

DON'T BUY

Phase I was the valley of death, when oil prices went to single digits. Now in Phase II, oil prices have recovered and the market is now waiting to see what happens to oil demand and how quickly it recovers. He holds 12 names, 8 of them oil producers. He would rather own a smaller cap producer. CNQ has tough competition on its cash flow to keep paying the dividend (he was surprised they didn't cut the dividend). He thinks when a buyer enters on a small cap stock, it can turn higher more aggressively.

COMMENT

A great company, one of Canada's best oil companies with a super balance sheet. But CNQ couldn't do anything during the recent oil war. What could they do? They can't control the price of oil. This will be a consolidator over time. Smaller energy companies won't make it through. Oil is a tough sector with a murky future. Will oil return to $50 or $60? Oil companies have to wait for the oil price to rise.

COMMENT

The composition of this ETF has become highly concentrated. Five names account for 78% of its value. CNQ and SU account for most it. Both of those names have rallied well compared to their peers as buyers in the US have been stepping in. However, their hedge books are naked to oil prices right now. He would prefer to own small cap names with good hedge books, if you select the right ones he thinks.

BUY ON WEAKNESS

All oil has been decimated. Shocking. But these stocks can bounce nicely on optimistic day. They have free cash flow to service their debt. Don't chase it today, but nibble under $12 and hold it for long term. They have a great suite of assets and they will pay down their debt. Down the road, expect buybacks and acquisitions.

PAST TOP PICK

(A Top Pick Mar 18/19, Down 54%) Everything went well until the Saudi/Russia conflict. He is not buying oils at this point.

BUY

He owns CNQ instead of Suncor. These two are the ones you want to own with the volatility in the oil market. They both have the ability to manage through this and have a chance to buy a bunch of assets. The smaller caps are just fighting to live another day. Risk that oil can go lower.

COMMENT

Energy stocks? Right now stick to the large, liquid energy stocks. There is growing concern of counter-party credit exposure within the mid-stream and pipeline space. He recommends ENB-T and TRP-T for pipelines and SU-T and CNQ-T for producers, if you want to own any energy stocks. SU-T yield is 7.2%, while CNQ-T is 8.4%. CNQ-T is probably still showing positive cash flow, even at these oil price levels. You may still lose money, but it will be much less than a smaller player.

COMMENT

Valuation is getting more expensive, payout ratio is going higher, balance sheet is getting worse. Only buy if you think oil is going higher, and then you'll be fine.

COMMENT

Suncor is a good buy, but so is CNQ, he thinks. Both have yields of 5.6% today.

PAST TOP PICK

(A Top Pick Feb 27/19, Down 7%) A week and a half ago this was up in value. He thinks the sell off will be short lived. This is still a Top Pick for him.

HOLD

Suncor will be a survivor of this energy down turn, but only wants to own one oil sands producer. He prefers CNQ. Suncor has benefited from their refinery assets, but that value uplift is pretty much played out.

TOP PICK

Any time the share price drops to the low $30s this is a good buy. He expects it to rebound back above the mid-$40s when oil prices recover. Their capex has peaked and now they can reap the benefits in higher cash flows. When capital returns to Canada, this will be one of the first ones to attract new investor interest. Yield 4.47% (Analysts’ price target is $47.00)

BUY ON WEAKNESS

It's a good hold for the longterm. It could be a good time to start looking into this. He would watch it closely. He thinks there will be production moving back to NA due to the coronavirus. He's looking for an entry point.

BUY

A run from Dec did very well and then abruptly turned back down. Maybe we get a rebound with the price of oil being higher. There is the 4% yield. It has recovered and his upside target of $45 remains. If oil does really well he would expect $63.

TOP PICK

It has a big bottom at $30 over recent years, and we're seeing a longer-term uptrend. We're seeing weakness and it's now re-testing support. There'll be an accumulation phase before it pushes higher. He just bought this. It's one of the best oil stocks. (Analysts’ price target is $47.11)

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Canadian Natural Rsrcs (CNQ.TO)