Canadian Natural Rsrcs (CNQ.TO)

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.

He agrees with RBC. If you're trying to buy a name like this based on an oil price forecast, forget it. Its business is attractive, regardless of the current price of oil. 

Still made $$ even when WTI oil was below $39. Great capital discipline. Meaningful acquisitions. Plan to pay down debt well communicated. As long as the oil price is constructive in a long-term sense, this name is a very-well positioned, low-cost, reasonable-growth entity that generates a lot of cash. Growing dividend.

One of the best Canadian oil companies. The stock has been sideways recently, because it's a tough oil market, so relatively it's done well. CNQ buys back shares, raises the dividend and reduces debt, doing all the right things. CNQ will benefit from higher oil prices. Better to own this than a smaller oil company.

Looks just fine technically. All its moving averages have gone higher, taking out the 3 most recent highs. IMO, SU, and CVE are also behaving well. Nothing wrong with a 4% yield that will grow probably 20+% a year over the next 5 years. Darn attractive, great inflation hedge.

Historically in a commodity bull market, gold moves first, metals move second, and energy moves third. Take a look at the XEG, which has just broken out of a big range.

About a month ago, he doubled down on his position. Superbly managed, great company. If you want to be in oil, this is one of the places to be.

The chart this year shows consistently higher lows to return to $45 and broken past this--an ascending triangle, which is bullish. The chart looks really good. First resistance is $48-50, then $52-53.

Tremendous respect for the company and management. Fairly valued right now. Barring some geopolitical event, such as Ukraine striking actual production facility in Russia, he's challenged to see oil spiking over the short term. 

Trades at 8.4x cashflow, 7.5% forward FCF yield, yield of 5%. Everyone's been hiding out here, but eventually people want to go down-cap when oil starts to recover.