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 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.

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Consensus
Buy
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Valuation
Fair Value
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Similar
SU
BUY
(Market Call Minute) Likes production profile and exposure to oil sands.
BUY
Over the long-term, oil prices are not going to get any cheaper. With this in mind, you want to own an oil sands company because of the long duration profile of their assets.
BUY
Cenovus (CVE-T) Suncor (SU-T) or CNQ (CNQ-T)? At this point this is the one she would buy.
COMMENT
Got their Horizons project built somewhere near on time and close to budget. This is probably the best in terms of quality of its range of assets and management yet it continues to reflect much more of what the oil price is. If oil goes higher, this stock will go higher.
BUY
This is a high-quality company. Pretty balanced portfolio but right now they are focusing most of their capital on their light oil and heavy oil to a lesser extent. They do have some upgrading capacity, which is very valuable. 1.5% dividend.
DON'T BUY
This and SU present the same dilemma to investors. They appear cheap and have fallen 25-40% and it is the same company as it was then, but he doesn’t know where crude oil is going. Europe and Asia’s demand are unknown as demands may decrease. Projects may not get built now.
WAIT
Senior one that he sold in the last month. Has really liked it and owned for a decade. Will probably go back to it. Half oil/half gas. Well managed. Wait until Greece is settled.
HOLD
This is his favourite in the energy space. Largest Canadian producer in terms of daily production. 33% exposure to the oilsands. This and Suncor (SU-T) are the 2 cheapest of the 4.3 price to cash flow ratio. As this company becomes a producer of net free cash flow, you'll see either share buybacks, acquisitions and probably dividend increases.
SHORT
He is still Short this stock and he thinks it is going down to lower levels. The oil sands folks are having a hard time getting the right price for their oil with the bottlenecks in the system. 30% of their revenues are coming from conventional gas assets.
BUY
This is a company that thinks very differently. Over the oil cycle it is very consistent, kept costs down and is well-managed. They consistently think about return on invested capital when they make decisions on their businesses.
BUY
In the penalty box right now because of some of the problems it has had in its start-up of Horizon. Great company. Has loads and loads of production growth ahead of it. Very reasonable valuation.
TOP PICK
At the lower end of its valuation of 4.5X next year's cash flow. Has a bit of refining and conventional. Really good at allocating capital. Great growth story and a low-cost producer.
COMMENT
This has not been one of his favourites over the years because they have had problems with their oil sands project. The numbers coming out of that sector have improved dramatically recently. Right now he is in a “wait and see” position.
BUY ON WEAKNESS
He is not a big fan of oil at this time. He would look to get in at $28-$29.
WATCH
Broken trend line in early 2011 and this was followed by sell off. Started another up trend but we are now into another trend line down. The chart indicates that it is developing a W formation, one of the hottest formations there is. If the stock can hold current levels at around $30, there is a good chance it will reverse again.
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