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
0
Investor Insights
star iconJun 27, 2026, 12:00 am

This summary was created by AI, based on 93 opinions in the last 12 months.

Canadian Natural Resources (CNQ) is widely recognized among analysts as a well-managed oil and gas producer with a solid balance sheet and significant free cash flow potential. The company is seen as a stable long-term investment, benefitting from both oil and natural gas production. Many experts highlight CNQ's ability to manage costs effectively and its history of increasing dividends, with some noting their comfort with the stock even at lower oil prices. There is a consensus that the stock performs relatively well, but opinions on timing for entry are mixed, with some suggesting waiting for a pullback before investing. Notably, concerns about oil price volatility loom, and while many analysts are bullish on its long-term prospects, some advise caution in the current energy market climate.

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Consensus
Buy
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Valuation
Fair Value
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TOP PICK
(A Top Pick Sept 22/08. Down 13%.) Likes its torque to the Horizon oil sands project. Has completed phase 1 and has done really well. Coming in on time, on budget and with production upside. Will have a lot of growth.
BUY ON WEAKNESS
For a company of its size, it is fairly unique in that it has very visible production growth of probably 180,000 barrels going forward. Besides being the largest oil producer they are the second largest producer of natural gas. Would buy below $70.
WAIT
Just went up 26%. They can decide to stop drilling for Gas and start drilling for oil. Buy 20% of what you want and wait 6 weeks on the rest. It will come off 10% in a month.
BUY
Has heavy oil production with its Horizon project. Had good results over the 2nd quarter. They watch their costs very closely, which is very important. About 1/3 production is natural gas and they will be among the low-cost producers.
PAST TOP PICK
(A Top Pick Sept 4/08. Down 15%.) This would now be his 3rd pick after Encana (ECA-T) and Crescent Point (CPG-T). (See Top Picks.)
BUY
Has everything from oil sands to Canadian Western conventional to N. Sea to offshore West Africa. Great production and cash flow growth. Cheap.
PAST TOP PICK
(A Top Pick Sept 17/08. Down 13.93%.) Pays a low dividend but it is growing steadily. Still likes.
BUY ON WEAKNESS
Fabulous company. Horizon is now on and is ramping up. Using the cash flow to pay down debt. Would be a fabulous by $55-$60.
TOP PICK
Has been one of the best performing oil/gas stocks but he thinks it will go higher because it is increasingly focusing on heavy oil and oil sands. Had originally been slated to do 100,000 barrels a day but has been doing intermittently 120,000. One of the benchmark names that you want to own.
BUY
Street-smart management. Goliath of a project that is delivering. Oil will be same place a year from now. Gas will be $1 higher. Over the longer term will be a big winner.
PAST TOP PICK
(A Top Pick June 30/09. Up 3.51%.) Very connected to oil prices and heavy oil differentials and this is one of the best beneficiaries of that. Operationally, the Horizon oil sands project is adding 100,000 barrels a day this year.
BUY
One of the cleanest, best run companies in Canada. Thinks that the Suncor (SU-T) and PetroCan (PCA-T) merger will take some time to work through. A little on the expensive side but you can sit back and what should grow over time.
PAST TOP PICK
(A Top Pick Aug 5/08. Down 9.28%.) Sold it last fall when the markets were in the tank. On his potential Buy list.
BUY
Low cost producer in natural gas and heavy oil. Oil sands project is coming in on time, a little off budget. He is hoping the operating costs are somewhere in the high $20's.
HOLD
This is one of the benchmarks in the energy industry. Selling at a reasonable price at around 6X forecasted cash flows. Also have large tax pools. Well capitalized and good prospects going forward.
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