TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

56.02
-0.17 (0.30%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
1393 watching
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Investor Insights
star iconJun 26, 2026, 12:00 am

This summary was created by AI, based on 94 opinions in the last 12 months.

Canadian Natural Resources Limited (CNQ-T) is viewed positively by experts for its strong management, solid balance sheet, and ability to generate cash flow even at low oil prices. Many analysts praise CNQ's long-term operational efficiency, citing a robust dividend history and the promise of sustained cash returns to shareholders through dividends and buybacks. While some experts caution about the impact of fluctuating oil prices on the stock's performance, many believe it remains a core holding in energy portfolios due to its low-cost production and diversified asset base. The consensus suggests that while the oil market faces challenges, CNQ is well-positioned to weather these conditions and benefit from any eventual recovery in oil prices.

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Consensus
Buy
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Valuation
Fair Value
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Similar
SU
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.
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.
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