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 27, 2026, 12:00 am

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

Canadian Natural Resources (CNQ) is widely recognized among analysts as a well-managed oil and gas producer with a solid balance sheet and significant free cash flow potential. The company is seen as a stable long-term investment, benefitting from both oil and natural gas production. Many experts highlight CNQ's ability to manage costs effectively and its history of increasing dividends, with some noting their comfort with the stock even at lower oil prices. There is a consensus that the stock performs relatively well, but opinions on timing for entry are mixed, with some suggesting waiting for a pullback before investing. Notably, concerns about oil price volatility loom, and while many analysts are bullish on its long-term prospects, some advise caution in the current energy market climate.

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Consensus
Buy
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Valuation
Fair Value
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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.
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.
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