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TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

68.93
+0.25 (0.36%)
as of Aug 26, 2026, 8:00:00 pm Market Open.
1405 watching
0
Investor Insights
star iconAug 26, 2026, 12:00 am

This summary was created by AI, based on 99 opinions in the last 12 months.

Canadian Natural Resources (CNQ) is widely recognized among experts as a well-managed company with strong fundamentals. Many reviews highlight its significant oil and gas reserves, consistent dividend increases, and ability to generate substantial free cash flow, particularly in high oil price environments. The company is noted for its stability, with a business model that allows it to perform well even when oil prices are low. While there is some caution regarding the cyclical nature of the energy sector and the current geopolitical factors influencing oil prices, experts generally view CNQ as a solid long-term investment. Some analysts suggest that caution is warranted in the short term given recent price fluctuations in oil and energy stocks overall, but the overall sentiment remains positive for long-term holders.

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Consensus
Positive
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Valuation
Fair Value
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Similar
SU
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.
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.
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