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
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.
PAST TOP PICK
(A Top Pick April 28/10. Up 25.79%.) Sold his holdings on one of the spikes in mid-November. Likes the company and would like to get back in at some time.
BUY
Prefers over other oil sands companies because of the discount to NAV. Had a bit of a hiccup on the Horizons project and he bought on that. Longer term oil sands is getting global attention.
STRONG BUY
Loves it. They are a great operator. You have to think about cost and you have to complete projects on time and within budget, which they have done over time. They execute incredibly well.
PAST TOP PICK
(Top Pick Mar 16/10, Up 31.66%) Thinks it is a very good company. Good exposure to the oil sands. You want oil supplies close to home with Libya and so on going on.
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.
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