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
0
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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Similar
SU
HOLD
Horizon, a major new tar sands project, is coming on in 2008. Company has a massive land spread. Have global operations. A great story.
BUY
One of the few large-cap global companies where you can see a growth path that is spelled out over the next 5 years. You have very little concern that they are not going to be able to deliver. With the Alberta royalty review having come in, they are cutting back their expenditures in Alberta by a large amount. This pullback is a buying opportunity. Great oil sands exposure, exposure in the North Sea and offshore West Africa.
COMMENT
Has been acting very poorly in the short-term. Strong Cdn$ has hurt them in spite of stronger oil prices. Also big in natural gas. Costs overruns in the oil sands have hurt them as well. If a short-term investor, there could be further weakness but for long-term investors it is a great company and they have great assets.
HOLD
Slipping because of 1) drop in the price of oil and 2) their plan on substantially slowing down their oil sands expansion plans because of the staggering costs. FMV is triple the current price but short-term, the price will remain weak.
BUY
(Market Call Minute.)
DON'T BUY
(Caller) Horizon project is 85% complete and are on target for the 3rd quarter of 2008 for another 100,000 BOEs. Have an extensive hedging program towards natural gas prices. (Brian) Hasn’t owned it for quite some time because it is either trading at or below his model price which is currently $67.23. A negative 8%.
TOP PICK
Has done better than straight exploration/production companies. A big gas play. Really well run, and widely diversified.
HOLD
Loves this one. Management owns a lot of shares themselves. Currently building the Horizon oil project. Provincial tax changes are putting pressure on them. Has a great platform between offshore Africa, North Sea and Canada. Price could drop to the mid-$60's if the market weakness continues.
TOP PICK
Best managed oil/gas in Canada. Has a good mix geographically and product. Its oil sands project Horizon comes on stream in the 3rd quarter of 08. Market is not giving it full value for this.
BUY
Really likes this one.
TOP PICK
Still likes it. A core holding. Nothing has changed. Their horizon project coming on in the Mid next year. Natural gas inventory, which will pay off when the prices come around.
PAST TOP PICK
Then $65.34 A core holding. Still likes the stock.
BUY
He still likes it. It is gas play and it has done well. They are expanding outside of Alberta. One of the better plays.
DON'T BUY
Not expecting the multiple cost overruns that we’ve seen in some of the other oil-sands projects. Has a little bit of upside potential
TRADE
They do most of their business in Alberta. They are a major gas producer and building in the oil sands. May be at the bottom and probably will see some upside.
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