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
0
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
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.
COMMENT
If you are a believer that natural gas is likely to go up because of hot summers and cold winters and there will be growth in oil production, this one is likely to do okay. Well managed. Less than 1% dividend.
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