
TSE:CNQ
This summary was created by AI, based on 93 opinions in the last 12 months.
Canadian Natural Resources (CNQ) is widely regarded as one of the best-managed companies in the Canadian oil and gas sector, characterized by its stability and strong management practices. While experts acknowledge the cyclical nature of the oil and gas industry, many emphasize CNQ's robust cash flow generation and strategic focus on debt reduction and share buybacks, which bolster shareholder returns. The company's diversification into natural gas production adds to its appeal, as well as its consistent history of increasing dividends for over 25 years. Despite some experts expressing caution about short-term oil price fluctuations and macroeconomic conditions, the overall sentiment reflects confidence in CNQ’s long-term potential for growth and returns, framing it as a solid investment for both income-oriented and long-term investors.
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.
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.
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.