Canadian Natural Rsrcs (CNQ.TO) Buy, Sell or…

Home

Daily Stock Opinions and Ratings

Canadian Natural Rsrcs (CNQ.TO)

70.08

-1.62 (2.26%)

as of Sep 16, 2026, 8:00:00 pm Market Open.

1408 watching

BUY

(Market Call Minute.) Oil/natural gas exposure in North America.

BUY

70% of its production comes from the province of Alberta so it doesn't have a lot of diversity and is subject to the royalty rates. That has affected gas very negatively. However, it has some visibility with the Horizon oil sands project, which looks like it is finally going to come.

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.

Wealthica Track your Stocks in your Watch List

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%.

Showing 1,141 to 1,155 of 1,727 entries

Most Recent Experts

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Ivana Delevska

Spear Advisors LLC

Stephen Weiss, Founder, Short Hills Capital Partners

Short Hills Capital Partners

Joe Terranova

Virtus Investment Partners

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Canadian Natural Rsrcs (CNQ.TO)