
TSE:CNQ
This summary was created by AI, based on 94 opinions in the last 12 months.
Canadian Natural Resources Limited (CNQ-T) is viewed positively by experts for its strong management, solid balance sheet, and ability to generate cash flow even at low oil prices. Many analysts praise CNQ's long-term operational efficiency, citing a robust dividend history and the promise of sustained cash returns to shareholders through dividends and buybacks. While some experts caution about the impact of fluctuating oil prices on the stock's performance, many believe it remains a core holding in energy portfolios due to its low-cost production and diversified asset base. The consensus suggests that while the oil market faces challenges, CNQ is well-positioned to weather these conditions and benefit from any eventual recovery in oil prices.
Got beaten up tremendously but has had a nice rebound in the last 6-8 weeks. About half oil and half gas and of the oil, you have oil sands and heavy oil as well as some international. There is a little bit of risk if the gas price retreats between now and end of October so there might be a bit better entry point. He would like to see it under $30.
Has just added more to his position. Extremely undervalued. Horizon was shut down for a while because of production problems but is now fully back on line so you have the heavy oil side looking awfully good. Good production development growth. Not as levered to natural gas as they used to be so generating great cash flow. Good story. Cheap. Wouldn’t see $40 as being overly expensive.
Is a favourite of his and a bigger holding on the senior side. The market is looking for a rebound when Horizon gets back to 100,000-barrel range. It doesn’t have an upgrader so it is feeling the differential bite. Execution is the key always. Market is sensitive and is looking for execution. A great free cash-flow generator. Has the best leverage amongst the seniors except for Encanna. He added to it recently. The worst is over but it doesn’t mean you can't have problems.
Probably the most disappointing oil/gas stock in Canada in the 1st half of the year. Ran into problems on natural gas prices and more problems on the widening differential on the heavy oil and to top it all off ran into problems with their Horizon’s unplanned shutdown. Natural gas has improved a little, heavy oil differential has come down very sharply and they are back up to full production on Horizon. Trading below NAV.
Very cheap. People were concerned that none of the oil sands companies would make any money because oil was going down to $60 a barrel and even if they could produce it profitably, couldn't get it out of Alberta. One way or another the government is going to make sure that Alberta can move its oil. No reason it can't be $45 in 12 months.
Has under-performed all year. It has not done as well as the others so there is catch up. They are not fully integrated so doesn’t benefit from the downstream. Brent vs. WTI impacts them negatively.