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

Canadian Natural Rsrcs (CNQ.TO)

78.42

+1.37 (1.78%)

as of Oct 30, 2026, 8:00:00 pm Market Closed.

1410 watching

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.

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.

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Canadian Natural Rsrcs (CNQ.TO)