TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

56.02
-0.17 (0.30%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
1393 watching
0
Investor Insights
star iconJun 26, 2026, 12:00 am

This summary was created by AI, based on 94 opinions in the last 12 months.

Canadian Natural Resources (CNQ) is widely regarded by experts as one of the best-managed companies in the Canadian energy sector. The company is recognized for its strong balance sheet, consistent free cash flow generation, and a robust dividend policy, having increased its dividend for 26 consecutive years. Analysts emphasize the stability provided by its large reserve base and the profitability at low oil prices, citing a breakeven point as low as $50 per barrel for WTI. Despite potential volatility due to fluctuating oil prices and geopolitical factors, many see CNQ as a suitable long-term hold. While some experts suggest exercising caution and waiting for a potential price pullback before buying, the overall sentiment leans towards a positive view of the company's future prospects and capital return strategies.

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Consensus
Buy
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Valuation
Fair Value
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Similar
Suncor,SU
BUY
Canadian Natural Resources (CNQ-T) or Suncor (SU-T)? Has been extremely disappointed in CNQ. You could say it hasn’t done as well as Suncor because of technical problems with their upgraders and some outages, but that’s not the case any more. Thinks it’s negative market sentiment. In his view this is the better Buy and is really inexpensive here.
PAST TOP PICK
(A Top Pick July 26/11. Down 35.61%.) Still likes. The key factor that has influenced this in the last year has been oil prices, oil differentials and a couple of operational slip ups. Sees pretty significant upside potential in the next 12-18 months. Would start to get worried at around $75 oil.
DON'T BUY
He is Short this stock. Not a comment on the quality of the business but just the wrong place to be right now. Has relatively high fixed costs and there is weakness in oil prices.
BUY
This, ETF for an oilsands play or a US oil or forget about oil altogether? This one is a very good way to play the oil patch. Chart seems to indicate we are at the bottom at around $30. Her favourite company in oilsands would be Suncor (SU-T), which is cheaper. (See Top Picks.)
COMMENT
Great company but gas and oil prices have dropped, which is the difficulty. Fabulous company with great reserves, which are growing. Solid management. This is one you want when the market turns.
WAIT
It’s a supply/demand issue and technicals are supporting it. In terms of the high cost companies like tar sands, those stocks could be vulnerable. This one is very vulnerable to weak oil prices. He looks at book value ($21.26) He would hold off being a buyer. Wait for November with Tax Loss pressure. Be a Buyer for the long term.
WAIT
Usually does well from Feb into May. This year it didn’t. We are seeing a pickup because of a second seasonal trend. If oil bounces up then you will see CNQ rally up to about $33. Technicals on Crude look favorable. Buy date for second season is the end of this month. He usually waits 4 weeks after the season starts to make sure it will go up and then buys.
WATCH
Looks like a lot of stocks that have been in a downtrend are trying to find a bit of a base. He would like to see a definite breakout from the base before they got too excited about any stock.
WATCH
Sold this a few months ago. This is a long-term entry point but they are half gas, problems in the oil sands and then Horizon production problems. This is the first time he has not owned it. Sees risk of prices coming down with EU worries. Now it is starting to look interesting again. He wants to wait for EU to settle down, say mid-Aug and he will probably buy it back.
BUY
Thinks the stock went down because of their difficulties at Horizon as well as the pressures because of oil prices. Likes it at this price. Has a target price of $50. Will be throwing off an awful lot of cash flow and they'll do one of 3 things. 1) Pay down debt, 2) increase the dividend or 3) make some acquisitions or perhaps a balance among all those 3.
COMMENT
He is optimistic on the Nat Gas outlook. Can’t understand why WTI oil is so high. The market is now paying more attention to what is happening on the demand side.
BUY
Probably one of the preeminent Cdn oil/gas companies over the last several years until early 2011 when they had a fire in one of their operations. Also had some production problems earlier this year. Also plagued by lower natural gas prices. Extremely well managed. Great entry point.
DON'T BUY
Model price of $40. It broke a EBV line (see his blog). $23 looks like it is in the cards.
BUY
Probably one of the best companies in Canadian history. Very deep team. They are able to asset allocate between gas, liquids rich gas, oil sands, etc. Oilsands production generically seems to need $80 so really the key is differential. Good price.
BUY
(Market Call Minute.) Suffering from the differential problem and general bearishness about oil. Have some problems with their Horizon upgrader. Very well run company and you can buy it down here with a view to owning it for 2 years and you'll be very happy.
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