Canadian Natural Rsrcs (CNQ.TO)

Again, we're in phase 2 of the market cycle. The 5-year chart shows the stock's corrective phase, and now it's starting to turn back up. At the end of this year or early next, companies will be moving their product around and they'll need fuel, which will fuel :) the demand for energy.

Likes it fundamentally, his analyst rates it "Outperform". Technically, set up to move higher. Yield is 4.77%.

Without question, extremely well run. But valuation's very full, so he doesn't see meaningful upside from here. Yield is 4.8% (which is "fine").

He'd recommend FRU or WCP.

In his firm's income fund, and he owns some in his RRSP. A great, sleep-at-night company. No concerns over the long term. In a tougher market, it can make accretive acquisitions. 

Venezuelan news is a short-term negative. Seeing incremental oil flow into the US Gulf. Even though down 5-10% not rushing to scoop up shares, because they foresee weaker oil prices. Below $40 is where they'd dip their toes in again, but no quarrel with buying today for the long term.

Energy isn't strong now. He is underweight. But there's nothing wrong with CNQ, is one of the better energy stocks. Is not excited about energy. He sees improving return in invested capital with CNQ, and the valuation is reasonable. 

Attractive opportunity today. Great management team, good asset footprint, and enough takeaway capacity now. 

We're moving to a post-oil society -- good for the world, but not so good for Canada with its Albertan dinosaur juice that's the key to a lot of our prosperity. We should ramp that up while there's still time to benefit. OPEC is over-producing, but there's still a war in Ukraine, a Venezuelan oil embargo, and curtailment of oil from Iran. Yet oil is still just $60 a barrel.

So ask yourself if CNQ's returns are going to be sustainable in the current oil paradigm? He thinks yes. But he's not overly bullish on oil.

Likes the sector, but doesn't own this name. He's looking either for deeper value or more participation in the upside. On the value side, likes CVE and TOU. On the growth/momentum side, likes ATH, SDE, EFX, and TVE.

Up 7%, with a dividend of ~5%, so it's giving you 12% a year. Wouldn't be surprised if you got this next year as well. Disciplined about buying back stock, steadily increases dividend. Long-life assets. "Widows and orphans" stock. Hold for consistent growth, not too much excitement.

He holds natural gas, not oil, stocks. CNQ is the big player in Canadian oil, though the stock hasn't done much this year. Canadian oil is seeing a renaissance. Pays a nice 5% dividend yield. CNQ is a nice, integrated, go-to oil name.

Doesn't own any Western Canadian oil-focused producers. Likes the story for nat gas better than the one for oil. Oil has a lot of geopolitical influence; for example, don't know how the Venezuelan situation will resolve. OPEC is erratic and unpredictable. What would a Russia-Ukraine truce do to oil?

Good company, much better than it used to be. Balance sheet cleaned up. Great assets with long reserve life of heavy oil and oil sands. Pretty good nat gas portfolio and some international assets. Will produce cashflow, pay dividends, and buy back shares for a long time. 

Look for a better entry point, when macro picture is more constructive for oil.

Likes it so much, and would buy today. Anywhere below $44-45 is an attractive entry point. Need to separate your thinking between CNQ and oil. Actually to your benefit if oil does worse, as CNQ is so financially strong and operates so counter-cyclically. The lower oil goes, the more it consolidates and will come out a winner. 

Cashflow yield between 8-9.5%, very attractive valuation. Highest insider ownership of all the large-cap oil companies.

Buy if you're bullish on natural gas.

Not a lot of downside in oil, but not a lot of upside over next 6 months either. This name has done well relative to what oil has done, and so he struggles to see short-term upside. Later next year might be a different story. Produces nat gas, and also extremely well run. Very widely held, so trades at fairly full multiple of 8x cashflow using $60 oil.

Good idea. Profitable down to, he believes, WTI below $50, and that's great. He doesn't have a great view of oil price (but doesn't think it will go below $50). Probably your best big oil play in Canada. Very good natural gas play. Great operations. Not cheap compared to peers, but a fair price. Nice 5% dividend.

An impressive return when oil prices are down. One you can own forever. If it goes under $45, she's buying more.

Since April pullback seeing an uptrend, which has been slow but she sees continuing. Focusing on low-cost production and operational efficiency. Strong balance sheet. Its scale and integration lets it weather the market cycles better than any peers. 

Volatility from commodity price always a risk, but financial strength and cost discipline make it worthy of being a core holding among your energy stocks. Value 9/10, fundamentals are 8/10. Yield is over 5%, and management has history of increasing dividend.