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 5, 2026, 12:00 am

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

Canadian Natural Resources (CNQ) presents a mixed outlook among experts, with many praising its robust management and long-life assets. The company benefits from its low breakeven point and solid free cash flow generation. However, concerns about the price of oil and geopolitical influences weigh on sentiment, leading to recommendations to consider trimming positions after a notable run-up. While analysts highlight the strong dividend record and favorable fundamentals, there is caution as the energy sector faces pressures from potential oversupply and regulatory challenges. Overall, CNQ is viewed as a solid long-term hold with strong recovery potential in favorable market conditions.

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Consensus
Hold
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Valuation
Fair Value
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Similar
SU
HOLD
Likes oil longer-term but shorter-term it is probably going to come under pressure and may go lower. If you own, Hold, otherwise buy it at lower levels.
DON'T BUY
(Market Call Minute.) There is no rush to be there and doesn't give you a yield like some of the trusts.
COMMENT
One of the best managed oil companies in Canada. Their new Horizons project is coming on stream any day now, which will give them a big boost in production. He is looking for oil to rebound later this year. However, oil sands has a larger environmental footprint.
WAIT
Because of the continuing erosion of their underlying commodity, it is very difficult to know where you will see that turn. Don't Buy until you see oil prices go up along with the stock price. (Would be more interested at $50.)
BUY
(Market Call Minute.) Best quality of exploration and production companies after Encana (ECA-T). Has an oil sands project that is on stream and starting to produce.
HOLD
Great company. One of the 3 premier companies in Canada along with Suncor (SU-T) and Encana (EC A-T). Oil prices will come back again someday and they are very well positioned. Financing is still tight so can't see a takeover at this time.
TOP PICK
Well-managed. Top assets. Low cost. Slight amount of debt. Just built a brand new oil sands project and he hopes it operates at $29 a barrel. Have planned hedging with all sorts of businesses they can shuffle around in order to get at their debt. A core long-term hold.
BUY
One of the premier companies in oil/gas. Will have a dip in cash flow this year but going into next year and beyond he could see cash flow back at $9-$10, which at current prices makes this stock compelling.
BUY
The Horizon project is still going on and costs may have come down a bit. Very cheap. Good story and long-term growth.
COMMENT
You want to be careful with any company, particularly in the energy sector, to be sure you are buying a diversified company and will sustain and weather in an economic downturn.
BUY
Technically, it is acting very well. Has a lot of exposure to oil sands. You could own this for a couple of years if your view is oil is working its way higher.
COMMENT
Probably has the best oil leverage. Recognized by international investors as a "go to" name.
TOP PICK
Strategy: Buy this ($44.13?) and 1) Sell Aug $46 Calls @ $9.10 2) Sell Aug $46 Puts @ $10.70 for a net cost of $24.33. For selling the Call option you agree to sell the shares for $46. For selling the Put options you agree to buy more shares at $46. Only one of those options will have any value in August.If stock is above $46 your return is $46 divided by your net cost of $24.33 giving an 81% return.If stock is below $46, you have to buy another block of shares at $46. The $46 plus the $24.33 net cost, your average cost is $34.23, which is a very good investment.
TOP PICK
(A Top Pick Oct 30/07. Down 40%.) Horizon project should hit 75% of production capacity of 77,000 barrels next year. Execution risks are very low. Looking for 25% growth per share next year. Strong balance sheet.
COMMENT
Likes this one because it has some profit growth right now. His preference would be Imperial Oil (IMO-T), Canadian Oil Sands (COS.UN-T), Nexen (NXY-T) and Husky (HSE-T). However, ROE levels are about to erode.
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