
TSE:CNQ
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.
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.
(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.