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TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

68.48
-0.45 (0.65%)
as of Oct 6, 2026, 8:00:00 pm Market Open.
1407 watching
0
WEAK BUY
CNQ vs. Suncor Owns and prefers Suncor because of its downstream integration. CNQ though looks interesting now as it flirts with its 200-day moving average. Valuation is low at P/B and pays a 3.9% yield, which is high in this sector. The stock is discounted for CNQ. The major risk is that it's a pure play on WCS. Otherwise, a great company.
BUY
The best Canadian oil company and they have integrated purchases well. He's long owned this. The problem is that Canadian oil stocks have lagged the oil price, but CNQ will still benefit from this rising price.
BUY
This and Suncor are his top picks in this space. They have upstream, midstream and downstream to create revenue, which distinguishes them from a lot of oil producers. CNQ pays a bit of a dividend and is well-capitalized. Well-run
PAST TOP PICK
(A Top Pick May 18/18, Down 21%) There are concerns about restriction in western Canada about how much you can ship. There is seasonality to Nat Gas stocks and so there should be a pick-up in CNQ-T because of that. He sold last October.
COMMENT
They just raised their dividend by 12%. They beat cash flow per share and production. They are buying back shares agressively. Pays a safe dividend at 69% payout. He sees 2% production growth. Okay balance sheet. The only thing to not like is oil itself. Not enough railroads in Canada. Norway has announced it is selling its oil stocks (many no Canadian stocks are on their list). So, how big a position do you want in oil? Do you want to own oil forever anymore?
WEAK BUY
Owned it for a long time until he exited oil two years ago. This is a bet on the oil complex working, which he expects to eventually in 2020. It's a high-quality company with a safe dividend.
PAST TOP PICK
(A Top Pick Mar 12/18, Up 1%) They have great free cash flow and it remains a Top Pick for him.
TOP PICK
Their capex spending is largely behind them now and they should become a cash flow producing machine. Analysts are saying the decline rates in new US Permian production exceed 30% per annum, making CNQ long life reserves (of 50 years) more valuable. He expects another dividend increase next week. He hopes they don't step out to buy the Devon Jackfish assets. Yield 3.54% (Analysts’ price target is $45.03)
DON'T BUY
It is the best of the Canadian oil stocks in terms of safety and size. They have got into upgrading and refining of oil in the last few years. This is a great way to play energy but he is not enamored with the industry right now. (Analysts’ price target is $45.00)
BUY
He just bought last week. He really likes this name. Seasonality is just kicking in now. He wants to see these energy names really start to accelerate. It is a seasonal trade. It will run into resistance at $40 at the end of the spring. (Analysts’ price target is $45.00)
PAST TOP PICK
(A Top Pick Mar 26/18, Down 4%) A lean and mean operation. He believes in it. It comes down to oil prices, which have fallen. But he expects oil to rise in the next 12-18 months and CNQ will benefit.
BUY ON WEAKNESS
It got down t $30. If it goes back down below $32 he would get it.
DON'T BUY
Oil was down today, and so did CNQ. They won't run out of their product, oil, but they're at the mercy of the price of oil which they can't control. He owns zero Canadian energy.
WEAK BUY
FTS-T vs. CNQ-T. FTS-T is a yielding situation with a big a growth. CNQ-T is one of the best oil and gas companies in Western Canada. They are both viable.
DON'T BUY
They are bringing on more production, but don't have marketing and refinement. This and SU-T are the two large caps everyone runs to when they want to own energy. He thinks you need egress issues resolved before investing.
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