TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

62.85
-2.08 (3.20%)
as of Aug 5, 2026, 8:00:01 pm Market Open.
1402 watching
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Investor Insights
star iconAug 5, 2026, 12:00 am

This summary was created by AI, based on 97 opinions in the last 12 months.

Canadian Natural Resources (CNQ) is regarded as one of the best-managed companies in the Canadian energy sector, known for its disciplined management, diverse asset base, and consistent returns to shareholders through dividends and buybacks. Many analysts highlight its strong cash flow generation capability, allowing it to be profitable even when oil prices dip to as low as $40-$50 per barrel. While the overall sentiment about the long-term price of oil remains bearish, with predictions suggesting lower prices in the coming years, experts agree that CNQ's operational efficiencies and low-cost production give it a competitive edge. Despite short-term price volatility linked to fluctuating oil prices, the consensus is that CNQ remains a solid investment for long-term holders, albeit with caution regarding entry points. The stock is well-positioned to weather market cycles, but timing purchases based on oil price movements is recommended.

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Consensus
Hold
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Valuation
Fair Value
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Similar
Suncor,SU
TOP PICK
Has great visible growth, basically through Horizon. They will add another 100,000 barrels to that in the next year or so. Possibly the most oily weighted name.
PAST TOP PICK
(A Top Pick Oct 16/06. Up 34.3%.) Still likes.
DON'T BUY
Might come back. A little too expensive currently?
BUY
Wish he owned it. Best performing of senior oil stocks in the market this year. Expect this to perform well. A name comfortable buying.
TOP PICK
Past top pick (October 16, 2006) Up 38%. Estimated cash flow is $11. Costs rising across the board, have done well.
BUY ON WEAKNESS
One of these great Canadian oil/gas companies. Great exposure to oil sands. Also production in the North Sea and West Africa. Had a little bit of a run, so wait for a pullback.
BUY
About 40% exposure to natural gas. In the process of building the Horizon oil sands project giving it good potential but currently high costs and environmental woes. Attractive here.
PAST TOP PICK
(A Top Pick Oct 16/06. Up 23.3%.) Company is calling for $4 in cash flow from its Horizon oil sands project. With a 10 to 12 price to cash flow ratio on the $4, it would tack on $40-$50 onto their price. Good upside.
HOLD
Has outperformed its peers. Trading at around 6X cash flow, which is pretty reasonable. Have some great properties. Rapidly growing production profile.
HOLD
Excited about the outlook for natural gas. Getting close to where he would consider it a good entry point. Superb company with superb landholdings. Fairly good production profile. Have been adept at replacing reserves.
BUY
Likes the potential oil sands exposure and the multiple the market should put on the oil sands earnings.
COMMENT
Just announced earnings, which looked pretty good. Exposed to cost overruns that are occurring in the oil sands. Good quality company. Will probably not complete the Horizon project until the fall of 08. For an oil sands play, she prefers Suncor (SU-T).
DON'T BUY
Has had a phenomenal run. Likes their connection with the oil sands. We are now going into a seasonally weak period. Wouldn't get into it right now.
COMMENT
A tremendous growth company. World-class assets. Hasn't dropped off as much as others, so would prefer a Petro-Can (PCA-T) or Imperial Oil (IMO-T) that has more of a diversified integrated feel to it.
BUY
Likes it because their oil sands project is on budget. It's a commodity, he's expecting that the oil will remain high, natural gas is a bit more uncertain.
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