Canadian Natural Rsrcs (CNQ.TO) Buy, Sell or…

Canadian Natural Rsrcs (CNQ.TO)

70.08

-1.62 (2.26%)

as of Sep 16, 2026, 8:00:00 pm Market Open.

1408 watching

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.

TOP PICK

Likes it being 65% N.A. crude and for their involvement in the oil sands. Crude prices should stay in the $90-$100 range. They are bear on natural gas but decided to focus more on crude but are ready to ramp up Nat Gas. Thinks they will increase dividends as they raise production. There was an outage at Horizon but they restarted it back in March. You have to focus on what they have done long term.

BUY ON WEAKNESS

One of his favourite names. Fundamentals for oil look the best of any commodity. You can wait on this one and buy a little bit later. If you want to put money to work, he would be inclined to put it into Cenovus (CVE-T) or Suncor (SU-T) because they have the integrated side, which will be reported because of the defensive nature.

BUY

5 to 10 years from now this will be a much bigger company and the stock price will be significantly higher. Trading at 4.5X cash flow. Great growth prospects. You want to buy this when the world is negative.

SHORT

He is short this one and expects it to fall further. They have good assets and are a good company. But they have to sell oil at a low price. Strong production but a difficulty in marketing at the right price. A number of refineries down currently. A number of these oil companies are higher cost enterprises so discounted oil prices are bad for them.

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BUY

Long-term buy. Again had some problems with Horizon, which gives it a cheap entry point. Should go at least to the high $30’s.

BUY

Seems part of their plant seems to blow up from time to time and problems moving oil to where it is needed. Believes Keystone will get built as well as a pipeline going west. The problems that have held back the stock are a complex process but he feels the earnings are going to be solid with today’s oil prices. A great time to enter.

COMMENT

Hope on this one is that reliability and operability will get better on Horizon. He trades this fairly actively. Very oil weighted and has great free cash flow generation. Pretty good hedge on differentials as well.

DON'T BUY

Has always had a premium valuation. Problems at Horizon, which should be starting up again soon. It still looks a little expensive to him. There are other things he would prefer in the oil patch.

BUY

(Market Call Minute) One of the cheapest energy stocks in Canada

BUY

Started buying a long time ago. Sold and bought in again. Hey are doing all the right things and building up production in the oil sands area. Great Nat Gas exposure for when Nat Gas turns. Synthetic crude and heavy oil they are working with. Couple of cash cows, North sea and off shore West Africa. If oil prices hold and Nat Gas comes back you will have a company that is throwing off immense amounts of free cash flow during the next 5-10 years and what will they do with it. Could be $75 to $100 then.

DON'T BUY

Down 7% year to date. Oil has gone up. Horizon had another mishap and is scaled back production for a while. They will have to show a quarter or two before they regain part of the multiple.

Showing 826 to 840 of 1,727 entries

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Canadian Natural Rsrcs (CNQ.TO)