TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

63.76
-2.46 (3.71%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
1398 watching
0
Investor Insights
star iconJun 5, 2026, 12:00 am

This summary was created by AI, based on 93 opinions in the last 12 months.

Canadian Natural Resources (CNQ) presents a mixed outlook among experts, with many praising its robust management and long-life assets. The company benefits from its low breakeven point and solid free cash flow generation. However, concerns about the price of oil and geopolitical influences weigh on sentiment, leading to recommendations to consider trimming positions after a notable run-up. While analysts highlight the strong dividend record and favorable fundamentals, there is caution as the energy sector faces pressures from potential oversupply and regulatory challenges. Overall, CNQ is viewed as a solid long-term hold with strong recovery potential in favorable market conditions.

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Consensus
Hold
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Valuation
Fair Value
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SU
HOLD
He would rather own the ones with a higher yield but he wouldn't sell this one if you own. Has a target of $48.
HOLD
Recently got hit pretty hard because of a maintenance issue. Sometimes this is a buying opportunity. There are other things he likes better such as Crescent Point (CPG-T). Good quality company and probably will overcome their problems.
WAIT
Has pulled back because of the shutdown of Horizon for some unplanned maintenance. Company hasn't said much about this. They are a great operator and this problem will be resolved. They do have natural gas properties that they could focus on it that environment changed.
TOP PICK
A big heavyweight in the Canadian market. This can generate huge cash flows. He is bullish on oil and believes it will stay where it is and move slightly higher. Emerging market is still strong.
BUY
Because of what they are doing at Horizon they are throwing off huge amounts of cash and will pay down debt or acquire other companies. He may double his holdings.
DON'T BUY
Suncor (SU-T) would be a better buy right now based on valuation. It is also a more liquid stock with more training in the US. Likes this company and the space it is in. Trading at 6X cash flow. Doesn't feel there is much more upside.
BUY
Very well run and a quality stock. Has moved from being gas oriented to a good, well diversified exploration/production story. Good for a long-term hold.
DON'T BUY
Probably had a pretty good move and would go elsewhere to look for elsewhere such as Crescent point, husky or Suncor.
WAIT
Within the next month (Jan 23 until June 15) it will have seasonal strength. This sector significantly under performed the market in 2011 so will outperform the market in 2012.
TOP PICK
Been in the penalty box for a little while. Had a few problems last year with the upgrader fire, but if you believe in the oil story, it only gets better from here. Has at least 20%-25% upside over the next year and is relatively stable.
TOP PICK
Largest Canadian oil/gas producer with production in excess of 600,000 daily. Have diversification through their offshore holdings in West Africa and in the North Sea. This is a cash cow. Making great money from oil sands, North Sea and eventually from West Africa. Have loads of cash to buy back stock, pay down debt or make other acquisitions. Cheap at 4.2 price to cash flow.
COMMENT
Stocks are not keeping up with the oil prices and that is due to skittishness as investors are not sure $100 oil is not going to stay. All the senior oils are great long term value. Stocks should rally somewhat.
BUY
Likes their mix of the land inventories and what they produce. Focusing on oil right now because they're negative on natural gas for the next few years. Very good guardians of capital. Will be spending $7 million next year on their Horizons project in the oil sands. Well-managed.
COMMENT
Keystone pipeline from the oil sands is a big issue. We were essentially at 1.2 million barrels a day going to the US and this was going to add another 800,000 barrels in 2 years. Extremely important that these transportation projects go ahead. This is his favourite.
DON'T BUY
With sluggish growth outlook in economy and Libya shipping oil in next 6 months, so thinks CNQs cash flow will suffer. Prefers Royal Dutch Shell. Oil prices in a sluggish economy don’t have to fall off much to have a negative impact.
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