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
(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.
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.
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