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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SU
TOP PICK
Established producer. A “go to” name internationally. Horizon project is about to come on in the next few months. At $100 oil, it generates about $1 billion in free cash flow. Enormous torque to oil prices.
BUY
(Market Call Minute.) Gas has been oversold. As gas rallies this company is going to do great.
TOP PICK
At the current oil price, oil is not a “back up the truck” buy. It could still have a leg down. This is the low cost producer with free cash flow and inexpensive.
TOP PICK
You want this for the gas and the new oil sands project that is coming on.
PARTIAL BUY
He has a model price of $90.34. If oil falls, this could go to $74 and he would be a buyer at that time. You could buy some now and more at $74.
WATCH
Very attractive price. Primrose is ahead of schedule and Horizon is starting to produce synthetic crude oil in November. As the market that was out in the next few weeks, this is a terrific one to add.
TOP PICK
(A Top Pick Sept 13/07. Up 6%.) Big attraction going forward is safety of assets. Thinks oil/gas prices will go higher. Tremendous production will be coming out of the Horizon's oil sands project.
TOP PICK
Great asset of 20+ barrels of reserves, mostly in North America and politically friendly places. Horizons oil sands project will start producing next quarter and will be up to 500,000 barrels a day over the next few years. Looking at 13% production growth next year and 7% longer-term. Projecting $30 billion cash flow over the next 3 to 4 years and only $15 billion of capital spending.
COMMENT
Sitting near its 200 day moving average of around $80. Not ready to go yet. May need another month. Believe oils/gas will be the leaders in the next up-leg.
BUY
Canadian Natural Rsrcs (CNQ-T) would probably be his Top Pick in the oil sector on the Canadian side but he also has positions in Encana (ECA-T), Suncor (SU-T) as well as Precision Drilling (PD-T).
BUY
The Horizon project is a company maker. Due to come on in Sept but won't be fully commissioned until the 4th quarter. Stock dropped with the price of oil. Fundamentally came out with excellent earnings and cash flow. Compelling value at these levels.
BUY ON WEAKNESS
In the short run, you can see the oil/gas stocks going lower, especially if oil goes below $110. Very close to its level earlier this year, which technically means it is still in an uptrend. Likes the entry point here. Look for weakness to get in. As long as it doesn't seriously undercut the $72/$73 level you could see a rebound that could take it near its old high.
BUY
The model price is $94.14, almost a 25% positive differential. Great opportunity for people that don't have a position.
BUY
Believes that oil demand is growing globally compared to North America and this one is at a good price.
WATCH
Trades with the oil stocks so has been pulling back pretty substantially recently. It's now at the point where it pulled out for the last rally last March. He would like to see it hold here. If you own, watch for it to hold $72/$73.
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