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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SU
BUY
Faltered a little a month ago because of fire. Hopes to be back in full production by middle of the year. Likes management and they have diversification into Gas. Still lots of growth to come out of Horizon.
HOLD
A core holding for him. Has long term production growth. If you are positive on oil prices you could get 15%-20% upside some years and maybe not so much others. Had a fire at the Horizon’s plant a while ago and expecting to be half up in the 2nd quarter and fully back by the 3rd quarter.
COMMENT
Starting 2 Coker drums in the oil sands in the 2nd quarter, which would bring them up to half of full capacity and in the 3rd quarter will start 2 more Coker drums. This should be a positive for the name.
COMMENT
Canadian Natural Resources (CNQ-T) or Crescent Point (CPG-T)? Feels oil prices will stay in the $80 to $100 range. In this case he wants to be paid to sit and wait, so Crescent Point would be his choice. If you are very bullish on oils, then Buy Canadian Natural Resources.
DON'T BUY
Has had some difficulties lately with their oil sands plant being shut down and a US analyst has just downgraded it. Technically the long-term trend is still there. Seasonally you normally want to Buy this around the 2nd half of February and ride it until May.
COMMENT
The Horizon fire is a big thing on production. Has insurance that will cover up to about $2 billion. There are still 2 drums that look operational. Not great in the short term and will have to wait and see. Longer term a very well run company. Could be a Buying opportunity.
BUY ON WEAKNESS
Is taking a look at it. Given fire at Horizon, thinks they might get an opportunity in the next couple of weeks to buy. They are a strong operator. He is looking for a pullback to $40 again.
COMMENT
Expects oil will go a lot higher and natural gas is still a question mark. This stock will be where it is now or higher a year from now.
COMMENT
Recently had a fire in the Horizon and stock pulled back about $4. Have a lot of land banked with great properties and great reserves. Extremely good management. Too expensive for him. Will do very well for a long-term investor.
BUY
Recently had upgrader problems so the stock fell back and this is a good opportunity to Buy. Longer-term fundamentals are intact.
COMMENT
Well run high quality company and very successful in their Horizon project. Just announced CapX that is going up a couple of percents. Big inventory to drill of natural gas and crude and will focus on crude for the next couple of years.
PARTIAL SELL
Currently a favourite of the institutions. Getting into “window dressing” year-end and portfolio angers that don’t own it are probably going to want it. Might work a bit higher but buying will abate in the 1st week of January. If you own, reduce.
BUY
The environmental side tarnishes all the oil sands companies. They are doing a good job now in expressing their case. There will be technology that comes a long and fixes this problem. A great company. He owns the trust. There is nothing wrong with it. Excellent company.
BUY
Doesn’t own but if he were picking a new name, it would be this one. Refocusing on heavy oil. Likes the minimal stages they are taking to the Horizon expansion. Doing some interesting things in SAGD and polymer additions to enhance flow.
BUY
Oil sands companies have been under performers for the course of the year. This one is the best of the bunch. Have been very good on the operational side. Has a little growth.
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