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
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.
PAST TOP PICK
(A Top Pick July 22/09. Up 16.21%.)
BUY
Really good at execution. Brought Horizon in on time and on budget. Excellent management. If you are a long-term investor and interested in the oil play, this is a good stock to own.
COMMENT
Probably the best long-term hold in the energy sector. Management has proven over and over again operational strength. Horizon project is fully ramped up now and they are talking about in the next phase having a diverse proof of assets that they can draw on with very high returns. Generating significant free cash flow. Buying back shares and reducing debt. Buy when oil prices are pulling back.
BUY ON WEAKNESS
More oil than gas and have been very successful in wrapping up the Horizons oil sands project. Looking for an entry point closer to $35. Likes both near-term and long-term prospects.
TOP PICK
Very strong management and the company is well positioned. Good balance sheet and cash flow.
COMMENT
Chart shows that this has been moving sideways for quite some time. Not exciting in terms of a catalyst for the stock. Has broken below both the 200 and 50 day moving averages. Yield of 6.94%. With the problems in the Gulf, the spotlight is now on the oil sands. Very neutral on this one.
BUY
Good reserves and in a politically stable area. Got sold down dramatically in the past few weeks. Great buy here.
PAST TOP PICK
(A Top Pick July 9/09. Up 14%.) Covered Call. Buy at $53.65 and write 01/2010 Calls at $7.25.
WEAK BUY
Warm towards companies with oil sands projects.
BUY
In the middle of its trading range. In a somewhat positive up trend. This is a wait and see. It is on the radar. They are well regarded in the analyst community. Is going to go up $3 very quickly.
BUY
Plan to partner with the Alberta gov’t. It surprises him that Gov’ wants to get into that business. Well-managed company.
BUY
If you look at any oil stock of 5 or 10 years, you see we have just started a new cycle. You will be fine on this one. Volatility is going to be high. Canada has what the rest of the world needs.
WEAK BUY
They are coming closer to the end of their big cap x program and are buying back shares. Over the next 5 years they could become a reasonable dividend payer. It’s something to watch.
BUY
Valuation is good. Growth is good with the horizon project. Likes the sector and the positioning. At the low end of the trading range. Lower because of the Petro Can integration by Suncor.
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