TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

63.76
-2.46 (3.71%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
1398 watching
0
Investor Insights
star iconJun 6, 2026, 12:00 am

This summary was created by AI, based on 92 opinions in the last 12 months.

Canadian Natural Resources Limited (CNQ) is widely regarded as one of the best-run companies in the Canadian oil sector, characterized by its stable asset base and consistent dividend increases over the past 26 years. Experts emphasize the company's strong management team, operational efficiency, and ability to navigate through volatile oil prices while maintaining profitability even at lower price points. Many analysts also note CNQ's robust cash flow generation and shareholder-friendly policies, including significant capital returns through dividends and share buybacks. While opinions vary regarding timing for new investments, there is a general sense of optimism about CNQ's long-term value, especially in light of expected challenges in the oil market due to global economic conditions. However, some caution against the current valuation being on the higher side, suggesting potential volatility if oil prices retreat.

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Consensus
Buy
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Valuation
Fair Value
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SU
COMMENT
Suncor (SU-T) or Canadian Natural Resources? Likes the long-term outlook for oil sands. Suncor is the better valuation of the two but nothing wrong with this one. (See Top Picks.)
BUY
Good management brought in Horizons oil sands project on time and under budget. Low cost for a relatively new oil sands project. There will be a few years of production growth. Hasn't kept up with the oil price so relatively cheap.
BUY
Yield of under 1% but it will probably grow. Have a lot of free cash flow in the Horizons project. More of a capital growth stock than a dividend stock.
BUY
Probably a reasonable entry point right now. On her watch list. Has a lower yield than the other energies she holds. Premier operator in their Horizons project is doing very well.
PAST TOP PICK
(A Top Pick Sept 28/09. Down 5.09%.)
TOP PICK
Growth primarily in oil sands area. Finished phase 1 of Horizons project with about 110,000 barrels a day. Phase 2 and 3 will raise that to .25 million barrels and 4 and 5 will bring it to half a million barrels a day. Strong history of increasing cash flow back to shareholders.
BUY
Likes the growth potential. Not as levered to natural gas as they used to be. Well financed and valuation looks attractive.
PAST TOP PICK
(Top Pick Sept 28/09, Down 6% total return) He boosted his weighting in the fund. This and SU are two of the best names in the large cap space. This is a name that is very attractive.
COMMENT
Cenovus (CVE-T) versus Canadian Natural Resources (CNQ-T)? Both are good companies and both oil oriented with conventional and crude. He prefers something with a significant yield so he owns Canadian Oil Sands (COS.UN-T) instead. (See Top Picks.)
STRONG BUY
Anywhere from $75-$85 in oil prices, Canadian oil companies are very profitable. They just reported an excellent quarter and beat on production and cash flow.
BUY
Suncor (SU-T) or Canadian Natural Resources (CNQ-T)? Owns and likes both. The better one right now on a valuation basis is CNQ and you get a little bit more bang for your buck. More production and cheaper valuation. In a diversified portfolio you can own both of them and be very happy.
BUY
Have evolved from pure natural gas to largely a balanced, especially oil sand player. Very solid management. A long-term, solid, core holding. Buy more on pullbacks but you can buy today.
BUY
Bigger, more mature producer, more predictable. Potential to go into the mid-40s. Still buying it right now for new accounts. Prospects of the dividend increasing.
BUY
Switched all of ECA last summer. Likes the heavier exposure to oil. Brought on their oil sands project on time and on budget.
BUY
Operation on their horizons project is second to none. Gives you longer term exposure to oil sands and near-term, natural gas is a big driver for this company. Well run.
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