TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

62.85
-2.08 (3.20%)
as of Aug 5, 2026, 8:00:01 pm Market Open.
1402 watching
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Investor Insights
star iconAug 5, 2026, 12:00 am

This summary was created by AI, based on 97 opinions in the last 12 months.

Canadian Natural Resources (CNQ) is regarded as one of the best-managed companies in the Canadian energy sector, known for its disciplined management, diverse asset base, and consistent returns to shareholders through dividends and buybacks. Many analysts highlight its strong cash flow generation capability, allowing it to be profitable even when oil prices dip to as low as $40-$50 per barrel. While the overall sentiment about the long-term price of oil remains bearish, with predictions suggesting lower prices in the coming years, experts agree that CNQ's operational efficiencies and low-cost production give it a competitive edge. Despite short-term price volatility linked to fluctuating oil prices, the consensus is that CNQ remains a solid investment for long-term holders, albeit with caution regarding entry points. The stock is well-positioned to weather market cycles, but timing purchases based on oil price movements is recommended.

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Consensus
Hold
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Valuation
Fair Value
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Similar
Suncor,SU
STRONG BUY
Good opportunity to get into one of the highest qualities, if not the highest quality oil/gas companies. Really suffered during the 2nd quarter and has lagged the market and the oil/gas index for most of the year beginning with a fire in Horizon in February. Will be up to full production at the end of this quarter. Trades at about 4.5-5 times cash flow.
COMMENT
As a short-term speculator, would you be a Buyer or Seller of this one tomorrow morning? Looking at charts, this has fallen below the 50 day moving average and the 50 day has just crossed the 200 day. Actually you would have been better buying it at the $38 level a few days ago.
BUY
Stock price came back nicely after the Horizon upgrader problem. Good management. Tremendous resources. Good growth profile. He will probably Buy as we come through this current correction.
BUY
People are concerned oil won’t hold $100 because of demand destruction in the US, which he doesn't agree with. CNQ is discounting $80. Buy at $40 for a conservative investor.
PAST TOP PICK
(Top Pick May 28/10, Up 9.94%) some fires in the upgrader and wild fires in Alberta. But a very well managed company, lots of production. If you believe oil is here to stay, you have to hold this one. Good place to buy more.
BUY ON WEAKNESS
Will be a buyer if the price goes below $40. 2 things hit this one. Oil sands was a dirty word and they had 20%-23% exposure. Also had a major blow up at Horizon.
BUY
People are waiting for the price of oil to pull back, which is affecting all of the oil stocks. Thinks it will do quite, so not a bad time to buy.
BUY
Outlook for next 6 months is better than the last 6 months. Fire in Horizon has been a drag. This is a very well managed company. Pelican facility near slave lake is shut down because of forest fires. Is over sold right now. Production is going to ramp up.
BUY
Canadian Natural Resources (CNQ-T) or Suncor (SU-T)? Likes both of them. Suncor's Petrocan acquisition is now starting to pay off so as not as pure a resource play as CNQ. CNQ has had some fire problems with their Horizon project but seem to be well positioned. If she could only own one, it would be Suncor.
DON'T BUY
Stock is down quite a bit like most energy stocks. There could eventually be a bounce. Missed their earnings in the last quarter so he would favour others such as some of the drillers.
STRONG BUY
Premier oil company in Canada. Fire at their oil sands project has knocked out a good portion of their oil production this year. There will be an incremental increase in the 3rd quarter and another leg up in the back half of the year. Great stock, especially at this level.
BUY ON WEAKNESS
One of his favourites in large caps. Have done a great job until their problems with Horizon and getting that on stream is going to take a bit of time. There are 2 parts to the premium. 1) Middle east because of supply coming off and 2) weaker US$ issue. Weaker oil would bring the stock down so if you see it in the Mid $30's range would be a fabulous buy.
STRONG BUY
Big fire in January caused a loss of 100,000 barrels of oil a day in production. Also, they are being hit by higher taxes of the UK. (Callers comments) Brian’s model price is $55.88, a 35% positive differential. An excellent buying opportunity.
TOP PICK
Well off its peak because their results were impacted by the big breakdown in their oil upgrader. If they are in full production next year, can see them trading at about 4.5 -5 times cash flow. Also, you are getting 40-50 years of oil reserves.
BUY
Some of the oil stocks seem to be lagging the price of oil. Why? Thinks institutional investors think that these things are in a bubble and don’t believe they are going to be as profitable and commodities won’t continue moving up. He disagrees. It’s all about the US$ (which is the currency we trade globally) and its depreciation. This one is a very good buy because oil prices continue to go up.
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