TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

70.08
-1.62 (2.26%)
as of Sep 16, 2026, 8:00:00 pm Market Open.
1408 watching
0
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.
TOP PICK
A lot of the senior oil companies in Canada have been crushed. Trading around 4X next year's cash flow. The Horizon oil sands play, which has been a big cap X drag, is just about done. This will add a lot of cash flow.
COMMENT
Great trading fundamentals and great quality characteristics. Market direction can still impact you. You could buy this, but he would Short something else like Niko (NKO-T) as a pairs trade.
DON'T BUY
Below its 50-day moving average of about $55 and the 200-day moving average of $76. Has to make a base.
DON'T BUY
Oil prices have continued to move lower and he would stay on the sidelines.
BUY
(Market Call Minute.) Energy prices will rebound. This one is at a ridiculous valuation.
BUY
Lots of reserve life. For energy plays, he prefers royalty trusts so that he can get a big income stream and sit on yield. If you are positive on energy prices going forward, this is very reasonable right now.
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