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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Suncor,SU
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.
TOP PICK
Balanced production very nicely among natural gas, traditional conventional oil and heavy oil and tend to move in the appropriate direction depending on commodity prices..
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