TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

63.76
-2.46 (3.71%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
1398 watching
0
Investor Insights
star iconJun 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.

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Consensus
Hold
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Valuation
Fair Value
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Similar
Suncor,SU
DON'T BUY
He is really light in the oil space. CNQ is a great company, but the problem is money is not flowing into resources. There is a large gap in the pricing of Canadian oil relative to the US and the world. He is not adding anything at this time.
COMMENT
CNQ-T vs. SU-T. He thinks we are at the point where we have peak demand for carbon-based energy. By 2025 every car manufacturer will at least have a hybrid. There will always be at last a little demand for carbon-based energy. Right now we are generating more energy from solar than from coal, so we are moving in the right direction. He is indifferent to the two stocks.
BUY
Oil. They will raise their dividend this year and go up by double digits. He is positioned for this stock to do better in 2020. (Analysts’ price target is $45.00)
BUY
SU vs. CNQ He owns CNQ; with CU, they are the two best-run Canadian oil companies. They've maintained decent share prices as its peers got washed out. SU has benefitted from the diversity of their refining assets when the WTI price differential widened CNQ is a cash-flow machine, decreasing debt and costs. You can own SU or CNQ, not both. CNQ is in a better position of returning shareholder dollars through share buybacks and/or raising the dividend. Caveat: if oil prices rise in 2020, these two giants won't benefit as much as its smaller peers (e.g. WCP) which have fallen further.
HOLD
He has always thought this one of the companies where you would hide as companies that would hold up in a downturn. They have done much better than mid-tiers. You can preserve money but not make much. It is a testament to the management of the company. It is best of breed.
COMMENT

In cyclical stocks, the commodity is so important. Saudi Aramco came out with its IPO this week in Riyad, not London or NYSE. In recent OPEC meetings they agreed to cut back output 500,000 more barrels per day. With current oil price tightening CNQ should be OK. Core holding for him.

HOLD

He owns this as well as SU-T. His model price is a 2.5% upside at $38.37 for CNQ-T. The fundamentals and price action are really squeezing it here. $31.50 would make him a buyer. Otherwise it has to show him by breaking through at $38.40.

PAST TOP PICK

(A Top Pick Dec 10/18, Up 4%) His second-biggest energy holding after SU-T. Superb managers with great cost control. It's done well in a tough environment, beating the energy group which is down 10% in this period.

BUY
CNQ-T and SU-T are where it is at. CNQ-T just keep growing and growing. They bought the Devon assets. Their debt is a bit high but they have a massive cash flow. The key thing is that they are buying back stock with their cash flow. They think their stock is cheap and they will be paying down debt. Tax loss selling may pull the stock down so it can be bought cheaper.
BUY
He has been buying it for clients at current levels. He thinks you might be able to get it cheaper. There will be volatility due to the commodity price. Free cash flow is massive. They are buying back stock and paying the dividend.
STRONG BUY
Pays a 4.05% dividend. A terrific company. They're buying back stock steadily which will eventually increase the stock price. They're paying off a big acquisition quickly. A definite buy, but they face the headwind of a challenging time for Canadian oil. His top choice in Canadian energy.
COMMENT
SU vs PKI? The two go to stocks in the energy space are CNQ and SU. We are eventually going to have a big consolidation in the energy space, there are too many small players now. SU is a solid company, he would prefer it.
COMMENT
Option trade with uncertainty in Canada? Do a covered call or write a put. If you sell a put, you must buy the stock at a certain price, so you can set a price point to enter the position. If a covered call, you're buying the stock, selling a call and capping your upside but reducing your cost base. The premiums on CNQ are in the top 25% of Canadian option premiums. Don't buy options on it now.
TOP PICK

Pays a 4.5% yield at a compelling valuation, yet offers free cash flow. CNQ could raise dividends and buyback shares. Among the better energy stocks. (Analysts’ price target is $44.10)

DON'T BUY

Sell or wait before Monday's election? Owning CNQ and SU He owns no oil stocks, but CNQ and SU are good. He sees no relief for oil stocks after the election, which could result in a coalition government. Doesn't see pipeline problems lifting.

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