
TSE:CNQ
This summary was created by AI, based on 97 opinions in the last 12 months.
Canadian Natural Resources (CNQ) is regarded as one of the best-managed companies in the Canadian energy sector, known for its disciplined management, diverse asset base, and consistent returns to shareholders through dividends and buybacks. Many analysts highlight its strong cash flow generation capability, allowing it to be profitable even when oil prices dip to as low as $40-$50 per barrel. While the overall sentiment about the long-term price of oil remains bearish, with predictions suggesting lower prices in the coming years, experts agree that CNQ's operational efficiencies and low-cost production give it a competitive edge. Despite short-term price volatility linked to fluctuating oil prices, the consensus is that CNQ remains a solid investment for long-term holders, albeit with caution regarding entry points. The stock is well-positioned to weather market cycles, but timing purchases based on oil price movements is recommended.
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.
He would not be a buyer at this time of oil sands companies