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) presents a mixed outlook among experts, with many praising its robust management and long-life assets. The company benefits from its low breakeven point and solid free cash flow generation. However, concerns about the price of oil and geopolitical influences weigh on sentiment, leading to recommendations to consider trimming positions after a notable run-up. While analysts highlight the strong dividend record and favorable fundamentals, there is caution as the energy sector faces pressures from potential oversupply and regulatory challenges. Overall, CNQ is viewed as a solid long-term hold with strong recovery potential in favorable market conditions.

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Consensus
Hold
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Valuation
Fair Value
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Similar
SU
DON'T BUY

or Suncor Neither. CNQ is a great company and doing good things on the ESG front and advocating for the oil industry. This and Suncor are the two biggest oil names in Canada. CNQ keeps promising free cash flow, but keeps deferring that flow. He'd rather buy Cenovus which is poised to receive large-cap investment inflows.

BUY ON WEAKNESS
It is one of the two main trophies. It has gone sideways since 2008. It goes up 50% and down 50%. This is a very volatile sector. You have to take advantage of the lulls when the stock is cheap.
DON'T BUY
Do you have a view of oil in general? Oil looks pretty oversold. He is not convinced to jump into oil in general. This company in particular needs oil to move higher to move up. (Analysts’ price target is $47.71)
BUY
Latest acquisition? They are buying the Devon oilsands assets. Maybe it is time to come back into the Canadian oil patch. It trades about 4 times cash flow. At this price and a good yield, it is time to start nibbling here. (Analysts’ price target is $47.00)
COMMENT
CNQ vs SU Both have excellent management teams and are generating free cash flow. Both pay dividends. CNQ-T does not have refining assets. Both are the go to names for investors out of Canada. On a value basis, neither are great value right now. There are more exciting names to own.
BUY
A great stock. It does not have up-stream and downstream protection. You can't predict the oil price. Hopefully we get positive news on Trans-Mountain. US investors want some policy changes in Canadian energy before investing here and those changes may happen. It has good risk/reward. There is no debt problem.
BUY
Fabulous company. Grown dividend 17 years in a row. Natural decline rate is about 12%, extremely low. If you had to buy one Canadian oil and gas and hold it for 5 years, this is the one. Better, and more diversified, than Suncor. Management has tremendous track record. Good long-term hold.
PAST TOP PICK
(A Top Pick May 18/18, Down 21%) A increase in commodity prices has been offset by lack of market access. He does not own any energy stocks currently.
WEAK BUY
There are no big projects going through and Notley's move to proffer WCS oil price was smart. This is one of the top Canadian oil companies. He's not in this space, but likes CNQ.
BUY
Crude oil is in a secular bear market, and it should top out around $80 in the next three years. He predicts a strong year in 2019, 2020 to be choppy (avoid oil), then it'll pop in 2021, because energy is a late-cycle play. He likes oil now for the next six months. He recommended CNQ this past week to clients. CNQ has had a good uptrend since the start of 2019. This could return to $46. Likes CNQ through December 2019, but be cautious in 2020.
HOLD
Energy is tricky with a four year bear market. However, valuations are starting to get cheap enough. He does not own this. One of the largest producers. He just sees better opportunities in the space. (Analysts’ price target is $47.55)
HOLD
A super-high quality company. They are bidding on the Jackfish assets and maybe the market is afraid they will over pay. Along with Suncor, the only assets in the space that are held by institutional investors. He thinks they will not benefit from a new flush of cash by investors, as they may sell this conservative holding in favour of stocks with more torque. (Analysts’ price target is $47.00)
BUY
All the stocks have moved, but still negative sentiment around Canadian energy. It's bumped up against $48-49 a number of times, so a strong chance it will get to high 40s or higher. Nice dividend yield, good job de-levering the balance sheet. Core position for him. For energy exposure in a high-quality name, CNQ is at the top of the list.
DON'T BUY
$42.55 is his target price. This is trading at the top of his value zone. He sees better value in Suncor. Current earnings don't justify the stock price.
COMMENT
CNQ vs. SU Suncor has higher dividend. Both big in oil sands. Both generate free cash flow. Suncor's said it will raise dividend and buy back stock. CNQ is also buying back. Suncor performance is much better. Until we get through October federally, and egress gets resolved, foreigners will stay away from Canada.
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