Canadian Natural Rsrcs (CNQ.TO) Buy, Sell or…

Canadian Natural Rsrcs (CNQ.TO)

70.08

-1.62 (2.26%)

as of Sep 16, 2026, 8:00:00 pm Market Open.

1408 watching

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.

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.

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Canadian Natural Rsrcs (CNQ.TO)