Canadian Natural Rsrcs (CNQ.TO)

One of the best Canadian oil companies. The stock has been sideways recently, because it's a tough oil market, so relatively it's done well. CNQ buys back shares, raises the dividend and reduces debt, doing all the right things. CNQ will benefit from higher oil prices. Better to own this than a smaller oil company.

Looks just fine technically. All its moving averages have gone higher, taking out the 3 most recent highs. IMO, SU, and CVE are also behaving well. Nothing wrong with a 4% yield that will grow probably 20+% a year over the next 5 years. Darn attractive, great inflation hedge.

Historically in a commodity bull market, gold moves first, metals move second, and energy moves third. Take a look at the XEG, which has just broken out of a big range.

About a month ago, he doubled down on his position. Superbly managed, great company. If you want to be in oil, this is one of the places to be.

The chart this year shows consistently higher lows to return to $45 and broken past this--an ascending triangle, which is bullish. The chart looks really good. First resistance is $48-50, then $52-53.

Tremendous respect for the company and management. Fairly valued right now. Barring some geopolitical event, such as Ukraine striking actual production facility in Russia, he's challenged to see oil spiking over the short term. 

Trades at 8.4x cashflow, 7.5% forward FCF yield, yield of 5%. Everyone's been hiding out here, but eventually people want to go down-cap when oil starts to recover.

No energy names in his portfolio, he's very neutral on the space. Price has been sideways for some time, with 200-day MA trending a bit lower -- not great technical signs. Doesn't expect great capital appreciation in next 12-18 months. Nice dividend of ~5%, doesn't feel it's at risk.

Take a look at CVE.

Right now, nat gas looks a bit better. In a downtrend since 2024, but has taken out the last low and the last peak. Breaking through a bit of old resistance -- good sign. Doesn't look too bad in the near term, but not an exciting area to be in right now.

Taking a look at the 5-year chart, looks like most of the producers -- little breakout, then broke down, finding support at the old breakout point, and now trying to bounce off that. A really good company, so could bounce back to old highs. Gives it 5-6/10.

The oil price is down and likely won't go anywhere. Canada needs to get its oil out of the country; let's see if Carney does it. CNQ is the top western Canada company. It still makes money at current oil prices.

Energy prices are frustratingly being reflected in CNQ's stubbornly low price. Important to remember that CNQ is a low-cost producer, well managed, consolidating in the Basin, and doesn't have debt. So they can pay capital back to shareholders. Large and healthy dividend.

In his firm's growth mandate, though another manager covers that fund. It comes down to where we are with energy prices. He thinks sideways to down is where they'll be for the next 2-3 years. Better places to be. As for just holding for the dividend, he'd rather own a dividend company with some profile.

He himself prefers CVE, an integrated company.

Mainly oil. Great long-term hold. Oil's really been beaten down, but this stock's done OK. Has broken downward trend line, a positive development. May lag a bit over the next couple of months.

Ultimate sleep-at-night stock for the oil market, which isn't really a sleep-at-night sector. (So many other guests sing its praises, he won't duplicate those comments.) Huge long-life reserves that will generate returns for decades. Park $$ here, collect a nice dividend, and wait for the day when oil's back at $70-90 and it's printing money.

He's more bullish on nat gas than oil. Doesn't own any straight oil right now, and it's hard for him to like those stocks. Chart might be basing right now -- finding support, but recently rounding over again. Can't say he'd buy this chart, as it's more down-trendy-looking.

He doesn't see his firm ever selling this one. Well managed, really good assets. The price will ebb and flow with the commodity price. Dividend has increased ~20 years straight. Just finalized oil sands acquisition of outstanding percentage not already owned, which will increase FCF. Commodity has a good medium- to long-term setup.

Has been testing investors' patience, but performing in line with the S&P. Trading in and around support. Has quite a lot of natural gas, and the situation for LNG in Canada is getting a bit better. Long-life assets are really attractive, as is the yield. Dividend will grow over time.

Cut it some slack. Accumulate here as we go into a seasonally stronger period.