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
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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
Will be producing cash flow from oil sands very soon. 3.4X next year's cash flow is extraordinarily cheap. Feels that oil has gone down as far as it is going to.
PARTIAL SELL
If you’re an oil “value” player there is not a lot of value in the oil patch right now. A lot of the valuation is based on prices of oil and natural gas, which have had big runs. If you are a short-term investor, you might look at taking some money out of the oil sands.
BUY
Very levered to oil as well as being one of the larger players in gas in Western Canada. What is very attractive right now is that its oil sands piece is almost complete. An attractive entry point and a great name to own.
TOP PICK
Lots of questions about the oil sands, but they are also very active in other areas including natural gas deep drilling in Canada and offshore Africa. Investors should look at the cash flow after the project is completed. Next Year Horizon should be throwing off $4 in cash flow. A conservative way to play natural gas and the oil sands.
PARTIAL SELL
Thinks it will cash flow around $10 a share this year. Selling at 3X Book, which is a little high in his estimation. He has been taking some profits.
BUY ON WEAKNESS
Best company in western Canada. Spend extra cash in oil sands projects. Will generate tones of cash with $135 oil. Downside if price of oil comes down.
PARTIAL SELL
His Fair Market Value is over $250 based upon current oil prices. He is getting nervous about the price of energy. If you own, consider selling bits and pieces.
BUY ON WEAKNESS
Feels a stock split is coming in the next couple of quarters. Ideally, he would like to buy it a little bit lower but even in the low $90's he would Buy.
PAST TOP PICK
(A Top Pick Nov 19/07. Up 38%.) A gas play. If you have done really well in this area, you might be wise to take some profits but still keep some of this in your portfolio. Not a Buy at this time.
BUY
Had a tough time in not picking this as one of his Top Picks. Have the Horizon oil sands project coming on in the 3rd quarter of this year and should be 110,000 barrels a day growing to 250,000 and up to 500,000. Very profitable at current oil prices. One of the best management teams.
HOLD
Into natural gas and the oil sands. Expect CEO will get a phone call as to whether they will split similar to Encana’s (ECA-T) announcement. Likes the outlook for natural gas. Stock price has risen pretty quickly so watch for a pullback before Buying.
TOP PICK
Horizon, their oil sands project comes on this year. Should be full steam by mid-2009. Significantly undervalued by the market.
BUY
Has been looking at this one recently. Trading at a big discount to its peers. Had a big bounce, but it is still cheaper than a number of the other majors. Looking for a big increase in production particularly as you get closer to 2010.
BUY
Likes this one. Should continue to do well. One of the best run companies in the oil/gas sector. Has the ability to grow its reserves and production. Good long-term hold.
BUY ON WEAKNESS
Really likes this company. There could be a slight pullback on oil as we are in the shoulder season. Given his bullish long-term view, this is a great long-term hold. You can add to it on weakness.
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