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
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Investor Insights
star iconJun 6, 2026, 12:00 am

This summary was created by AI, based on 92 opinions in the last 12 months.

Canadian Natural Resources Limited (CNQ) is widely regarded as one of the best-run companies in the Canadian oil sector, characterized by its stable asset base and consistent dividend increases over the past 26 years. Experts emphasize the company's strong management team, operational efficiency, and ability to navigate through volatile oil prices while maintaining profitability even at lower price points. Many analysts also note CNQ's robust cash flow generation and shareholder-friendly policies, including significant capital returns through dividends and share buybacks. While opinions vary regarding timing for new investments, there is a general sense of optimism about CNQ's long-term value, especially in light of expected challenges in the oil market due to global economic conditions. However, some caution against the current valuation being on the higher side, suggesting potential volatility if oil prices retreat.

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Consensus
Buy
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Valuation
Fair Value
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Similar
SU
BUY
Some of the oil stocks seem to be lagging the price of oil. Why? Thinks institutional investors think that these things are in a bubble and don’t believe they are going to be as profitable and commodities won’t continue moving up. He disagrees. It’s all about the US$ (which is the currency we trade globally) and its depreciation. This one is a very good buy because oil prices continue to go up.
COMMENT
This is one of the bellwether stocks in the sector. Have always tended to surprise people in a positive way. Last quarter was in line but they did improve probable reserves by about 9%. If you are a long term holder, you will make money. Always sold at a significant premium to its peers. Would be compelling at $40.
COMMENT
Had a few problems with the Horizon’s upgrader and environmental issues. Likes the story. If he is right and there is a cool off on the price of oil, there will probably be some weakness from here. If you are buying wait to see if it goes into the mid-$30’s. If you own, Hold.
BUY
We are in a bull market for oil - period. We are just starting a new cycle. There is no reason to think it will not go to or even through its old high. As long as we have easy money. Global politics could just make it get there faster. He doesn’t have a favourite oil company.
TOP PICK
(A Top Pick April 14/10. Up 22.06%.) 2/3 oil and 1/3 natural gas. Wants to be in position in case something goes wrong in the middle east. For oil exposure this is his #1 pick. Had some problems with fire at the Horizons plant but this will be back up to about 50% production this quarter and full production next quarter. Should be some info this quarter on their plans for phase 2 that will take effect some time in 2013-2014.
HOLD
Value is based on $90 oil so the longer oil stays above that, CNQ will creep up.
PAST TOP PICK
(A Top Pick April 28/10. Up 25.79%.) Sold his holdings on one of the spikes in mid-November. Likes the company and would like to get back in at some time.
BUY
Prefers over other oil sands companies because of the discount to NAV. Had a bit of a hiccup on the Horizons project and he bought on that. Longer term oil sands is getting global attention.
STRONG BUY
Loves it. They are a great operator. You have to think about cost and you have to complete projects on time and within budget, which they have done over time. They execute incredibly well.
PAST TOP PICK
(Top Pick Mar 16/10, Up 31.66%) Thinks it is a very good company. Good exposure to the oil sands. You want oil supplies close to home with Libya and so on going on.
WAIT
You might see oil pull back because it had such a strong run. Oil names would fall. He likes this name. Along with SU he thinks it is a core position in your portfolio.
TOP PICK
Strong management. Just reported earnings above expectations. Expecting 20% increase in the dividends longer term. Stock dropped because of the fire at the Horizon project so costs, because of repairs, will be a little bit higher. Great way to play oil sands.
COMMENT
Prefers Suncor (SU-T), which sells at a discount to this one. This one has always sold at a premium in the oil patch because of excellent management and excellent properties. Disappointing earnings today. Reserve increase was around 9% on proven and probable reserves but increased their dividend by 20%. Because of the premium you have to look at this as a long term hold.
BUY
Canadian Natural Resources (CNQ-T), Suncor (SU-T) or Crescent Point (CPG-T). Which would be the better hold in terms of better growth over the next year or two? Likes them all but CNQ would probably be the better growth story.
BUY ON WEAKNESS
Oil prices have been very positive for them and their balance sheet is improving. Cash flow is very strong. This is one you want to own for the long term. Will potentially go over the 2008 highs in the next year or two.
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