TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

78.42
+1.37 (1.78%)
as of Oct 30, 2026, 8:00:00 pm Market Closed.
1410 watching
0
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.
COMMENT
One of the premier large cap stocks in Canada. With Horizon starting up again, they are back to full cash generation mode. Have a fairly large bond that comes due in 2012 making the market a little skittish.
COMMENT
Conventional heavy oil and oil sands out of Horizon. Higher sensitivity than others to the price of oil. Well run. Have more land than any other company in Canada. Should do very well over time.
BUY
Excellent company. Gassy so can be vulnerable to the oversupply of North American gas. One of the major exploration and production companies.
BUY
A little bit of support right where it is now. This is probably a pretty good risk/reward. If it breaks down then get out and wait for $27.
TOP PICK
A great Canadian company. Low cost producer. Have assets including shale gas, oil sands and gas so they can toggle between the businesses or even sit on their hands if they choose to. Attractive valuation at 5X cash flow.
BUY
One of the market movers because of its size. Hit hard over the last 3-4 months. It trades like an oil stock. Downside is $30. One of the biggest natural gas portfolios in Canada but they aren’t drilling it. IF he picked one major to buy on this pull back it would be this one. Has cash flow and free option for natural gas.
COMMENT
One of the larger and better managed of the exploration/production companies. Has a little yield. Good holding.
BUY
He likes this one a lot. Expects you could see it in the $40-$50 price range. Very well run. Tremendous assets. Strong management.
HOLD
Gave quite a good sell signal quite close to the top but now it has met its down side target. You could let some go if you are up a lot. Nothing wrong with it. Well run company.
BUY
If longer term, it could take longer term to play out.
BUY
One of his favourite oil exploration/production companies. Great oil sands exposure. Attractive price.
HOLD
Super high quality name. Down 18% this year. Will be ramping up production. Phenomenally well run company. Extremely cheap. NAV of $57. He'll be buying on weakness.
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