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TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

69.37
+0.69 (1.00%)
as of Aug 26, 2026, 5:41:10 pm Market Open.
1405 watching
0
Investor Insights
star iconAug 26, 2026, 12:00 am

This summary was created by AI, based on 99 opinions in the last 12 months.

Canadian Natural Resources (CNQ) has gained recognition among various experts for its robust management, consistent dividend increases, and strong operational performance in the oil and gas sector. Many reviewers endorse it as a well-managed company with a solid balance sheet and low-cost production capabilities, making it a reliable choice for both income and growth within a diversified portfolio. While some analysts express concerns about the volatility of oil prices and their potential impact on CNQ's stock performance in the short term, the general sentiment is that CNQ remains a leading player in Canadian energy with significant reserves and production growth potential. A few experts highlight that in the context of rising geopolitical tensions and supply chain issues, CNQ's operational strength positions it favorably for long-term investors, though they caution about potential short-term fluctuations. The consensus is largely optimistic about CNQ’s ability to weather market cycles due to its low debt levels and commitment to shareholder returns through dividends and buybacks.

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Consensus
Positive
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Valuation
Fair Value
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Similar
SU
BUY
Over the next several years, it will produce over $27 billion in cash, which will allow them to pay off most of their debt.
PAST TOP PICK
(A Top Pick Apr 5/07. Up 5%.) Their horizon play is undervalued. Taking out the horizon, they trade at 4.5X cash flow compared to their peers of 6.5. Still a Buy.
BUY
Oil/gas companies have taken quite a haircut because of Alberta's royalty regime. She thinks there will be a softening on this. Has a big capital expenditure program ahead of it. Some cost concerns. Very well managed. If you have no oil/gas this would be one to own.
HOLD
Oil stocks have been consolidating for about 18 months. Prices have remained pretty high and the companies have been making a lot of money. There is volatility in this sector, but energy looks more attractive than many others. There is significant support between $63 and $65 but if it fell below $63, he would Sell. Use a stop/loss.
TOP PICK
A Top Pick about a year ago and is up 30%. Still thinks it has legs. Developing the Horizon oil sands project, which is expected to come on in the 3rd quarter and should generate a lot of cash flow. About 45% natural gas so will get a kick from any increase in gas prices. Great management.
DON'T BUY
Would probably be his top pick in the senior Canadian oil picture. Estimates are for $80-$83 oil in 08 and 09. On this basis, you could see a pullback on stocks such as this, particularly as they have flat production and flat cash flow in 08 over 07. $60-$65 would be his Buy target.
PAST TOP PICK
(A Top Pick Feb 7/07. Up 21%.) Recently sold his holdings at a higher amount. Would go back in at around $60.
HOLD
Horizon, a major new tar sands project, is coming on in 2008. Company has a massive land spread. Have global operations. A great story.
BUY
One of the few large-cap global companies where you can see a growth path that is spelled out over the next 5 years. You have very little concern that they are not going to be able to deliver. With the Alberta royalty review having come in, they are cutting back their expenditures in Alberta by a large amount. This pullback is a buying opportunity. Great oil sands exposure, exposure in the North Sea and offshore West Africa.
COMMENT
Has been acting very poorly in the short-term. Strong Cdn$ 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.
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