Canadian Natural Rsrcs (CNQ.TO)

No energy names in his portfolio, he's very neutral on the space. Price has been sideways for some time, with 200-day MA trending a bit lower -- not great technical signs. Doesn't expect great capital appreciation in next 12-18 months. Nice dividend of ~5%, doesn't feel it's at risk.

Take a look at CVE.

Right now, nat gas looks a bit better. In a downtrend since 2024, but has taken out the last low and the last peak. Breaking through a bit of old resistance -- good sign. Doesn't look too bad in the near term, but not an exciting area to be in right now.

Taking a look at the 5-year chart, looks like most of the producers -- little breakout, then broke down, finding support at the old breakout point, and now trying to bounce off that. A really good company, so could bounce back to old highs. Gives it 5-6/10.

The oil price is down and likely won't go anywhere. Canada needs to get its oil out of the country; let's see if Carney does it. CNQ is the top western Canada company. It still makes money at current oil prices.

Energy prices are frustratingly being reflected in CNQ's stubbornly low price. Important to remember that CNQ is a low-cost producer, well managed, consolidating in the Basin, and doesn't have debt. So they can pay capital back to shareholders. Large and healthy dividend.

In his firm's growth mandate, though another manager covers that fund. It comes down to where we are with energy prices. He thinks sideways to down is where they'll be for the next 2-3 years. Better places to be. As for just holding for the dividend, he'd rather own a dividend company with some profile.

He himself prefers CVE, an integrated company.

Mainly oil. Great long-term hold. Oil's really been beaten down, but this stock's done OK. Has broken downward trend line, a positive development. May lag a bit over the next couple of months.

Ultimate sleep-at-night stock for the oil market, which isn't really a sleep-at-night sector. (So many other guests sing its praises, he won't duplicate those comments.) Huge long-life reserves that will generate returns for decades. Park $$ here, collect a nice dividend, and wait for the day when oil's back at $70-90 and it's printing money.

He's more bullish on nat gas than oil. Doesn't own any straight oil right now, and it's hard for him to like those stocks. Chart might be basing right now -- finding support, but recently rounding over again. Can't say he'd buy this chart, as it's more down-trendy-looking.

He doesn't see his firm ever selling this one. Well managed, really good assets. The price will ebb and flow with the commodity price. Dividend has increased ~20 years straight. Just finalized oil sands acquisition of outstanding percentage not already owned, which will increase FCF. Commodity has a good medium- to long-term setup.

Has been testing investors' patience, but performing in line with the S&P. Trading in and around support. Has quite a lot of natural gas, and the situation for LNG in Canada is getting a bit better. Long-life assets are really attractive, as is the yield. Dividend will grow over time.

Cut it some slack. Accumulate here as we go into a seasonally stronger period.

One of the highest-quality producers out there. Chart looks pretty positive. If you already have lots of energy, don't worry about this one. But otherwise, it's a decent place to start. If it hits $40, could go back to $35. Expect volatility. He likes some names further down the chain.

Her favourite name in the oil space. Lower-decline assets, newer and higher-quality assets for the long term. One of the strongest management teams, and not just in the energy patch. Yield is close to 5.5%.

Steadily climbing to first resistance around the key level of $45, which is a "reversal of polarity" (support becomes resistance, resistance becomes support). Good news is that it's broken out of downtrend. Much stronger technically. Watch: does it break out above $45? If yes, starts to look really good.

Highest beta to oil price, as it's the least vertically integrated of the seniors. Top-notch management. Very strong FCF. Solid balance sheet. Great yield. Chart's flat over last year, much due to lack of differentiating catalysts (unlike SU or CVE). Low oil price has impacted ability to hit internal debt targets or increase share buybacks.

One of the best-managed Canadian companies that exist. Attractive today, mainly because we don't need a huge breakout in oil prices to deliver a decent return. WTI is sitting ~$61-62. Best consolidator in the basin. Core part of your energy allocation, though not quite a screaming buy today.