TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

78.42
+1.37 (1.78%)
as of Oct 30, 2026, 8:00:00 pm Market Closed.
1411 watching
0
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).
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.
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