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 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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SU
HOLD
(Market Call Minute.) Doesn't have the profit characteristics that he wants but will behave like the other oil stocks in that area.
BUY
This is a huge call and leverage on oil. Has tremendous torque to the oil sands with its Horizon project, which is basically done right now. Also has conventional business. If you believe that oil goes higher from here, buy this name in spades.
TOP PICK
(A Top Pick Oct 30/07. Down 22%.) Good liquid stock with strong assets. Horizon project will be coming on by the end of this year. NAV at about $65 should have a premium given the quality of the assets. Looking beyond 18 months or 2 years it should be a core position. Good 10% to 15% upside when the markets start to revalue stocks on a more normalized commodity price.
COMMENT
When the bull market was on, oil/gas stocks were going up and up. This did better than others. Believes that oil will reach $200 in the long term. Very good company.
TOP PICK
Horizons project starting this quarter. Price to cash flow ratio is less than 2 and should be at least 3. Hold for 3 years.
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).
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