TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

56.02
-0.17 (0.30%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
1393 watching
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Investor Insights
star iconJun 26, 2026, 12:00 am

This summary was created by AI, based on 94 opinions in the last 12 months.

Canadian Natural Resources Limited (CNQ-T) is viewed positively by experts for its strong management, solid balance sheet, and ability to generate cash flow even at low oil prices. Many analysts praise CNQ's long-term operational efficiency, citing a robust dividend history and the promise of sustained cash returns to shareholders through dividends and buybacks. While some experts caution about the impact of fluctuating oil prices on the stock's performance, many believe it remains a core holding in energy portfolios due to its low-cost production and diversified asset base. The consensus suggests that while the oil market faces challenges, CNQ is well-positioned to weather these conditions and benefit from any eventual recovery in oil prices.

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Consensus
Buy
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Valuation
Fair Value
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Similar
SU
TOP PICK
Steam assisted gravity drainage potential could substantially increase their production. 40 to 50 year reserve life with no declines.
COMMENT
A lot of companies trade off the commodity and oil prices have dropped closer to $70, which is why the stock has dropped. Not a lot of sector rotation right now but when it happens this is the one that institutions will go for.
BUY
Price of oil in short term is very different from price in the long term. Demand is soft. Good opportunity to buy CNQ. Could fall to $62 (200 day moving average).
STRONG BUY
The Horizon project is now on and this is one of the better oil sands projects. Also have other production growth. Valuation is cheap. A major player on the global scale.
BUY
Likes this company and the entire sector even if oil doesn't go up a great deal from here. This one is 2/3 oil and 1/3 natural gas.
STRONG BUY
(Market Call Minute.) Tremendous cash flow going forward. At $80, oil is pretty well fully priced but if it goes up this will follow.
TOP PICK
(A Top Pick Oct 21/08 Up 31.2%.) Horizon, their oil sands project, is still ramping up. Didn't meet expectations in Q3 but this is one you have to keep with a long-term horizon. Estimating they will generate $3 billion in free cash flow in 2010 with oil at $80 US. One of the best growth stories out there for a senior producer.
PAST TOP PICK
(A Top Pick June 30/09. Up 17.3%.) This one should be a core holding in any portfolio. Exceedingly well run. Oil weighted and visible production growth from their Horizon oil Sands and Primrose thermal projects. Buy on weakness.
PAST TOP PICK
(Top Pick Nov 24/08, up 58%) Still likes it. Great company.
TOP PICK
One of the few that can increase oil production by about 10% in 2010 and 12%-13% in 2011 while US comparables are struggling to get 3%-4%. $6.9 billion cash flow, mainly because of Horizon.
BUY
A bit of correction but it has still not come back to the 200-day moving average. On a long-term basis, this is an exciting stock. Had a big base in the Dec-March period, which can support higher targets. Hold long as it is above its 200-day moving average. Seems to be in a trading range and the bottom is near $66.
PAST TOP PICK
(Top Pick Dec 24/08, Up 89%) Buy CNQ-T, Sell CNQ Aug. Calls, Sell CNQ Aug. Puts.
BUY
This is a company they quite like. Disciplined management. Volumes over the next quarter probably grow 25%. Negative is that they are in gas.
PAST TOP PICK
(Past Top Pick Oct 16/08. Up 46%.) Sold his holdings and put it into Crescent Point (CPG-T). The run is probably not over but cash flow estimates are coming down. Used to be $21-$22 but are now down around $12. Would buy at $65. (See Top Picks.)
PAST TOP PICK
(A Top Pick June 30/09. Up 18.3%.) Have executed very well on their Horizon play with more than 100,000 barrels a day. Starting to be re-rated as an oil sands stock. In the short term, it is close to reaching its top. High beta at 1.4.
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