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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SU
BUY
Their Horizon project in the oil sands is a model of how you should run an oil sands project. Have kept the costs down. Growing their gas assets quite nicely. Very well run.
TOP PICK
Have stated they will not have to build an upgrader. This is a huge expense savings.
TOP PICK
Really likes the oil/gas industry right now. Well-run. Oil sands project is coming in on time and under budget. Not expensive.
TOP PICK
Well diversified between natural gas and oil. The big driver is there oil sands project, Horizon, coming on in the late 2008. This will be a cash flow generating machine. They are well positioned on the natural gas side.
BUY
Trading at 4.7 X 2008 numbers. Good production growth. 1/3 gas, 1/3 light oil and 1/3 heavy oil. Well-run.
BUY
3 favourite gas stocks are CNQ (CNQ-T), Rider Resources (RRZ-T) and Vero (VRO-T). This one is the cheapest. Exposure to the oil sands is not being paid for. Current price to cash flow ratio is around 5.
BUY ON WEAKNESS
Would prefer it in the low $60's.
TOP PICK
Great company and very well managed. Good assets. Have a play called Pelican Lake and using a special technique to pull the heavier oil. Also have Horizon project where costs have been kept reasonable. Relatively undervalued.
BUY
Sees higher highs in spite of the oil prices.
BUY
Very good company. When looking at oil companies, look for ones with long reserves and a safe country. Be prepared to hold for 3 to 5 years. It will stay at least where it is and probably will move up somewhat.
DON'T BUY
If you're looking for a long-term “ Buy and Hold”, you have to be very careful right now. Across the board, they have declining profitability.
TOP PICK
Very good management team. Represents good value. They have the Horizons oil sands project that he thinks is very exciting and is well along. On the negative side, he is expecting the company to announce costs have gone up. 1/3 heavy oil, 1/3 natural gas and 1/3 light oil, which is a good commodity diversification. Undervalued.
WAIT
Been in the doghouse because of its oil sands project Horizon. Have done a marvellous job in controlling costs. Once the price of oil/gas stabilize, he will be buying more.
BUY
If you are a long-term holder, this is a good time to buy. Down 20% from its high. Prefers Talisman (TLM-T), Petro Canada (PCA-T) and Encana (ECA-T) better.
BUY
You want to be in an oil sands, especially in operating projects such as Western Oil Sands (WTO-T), Suncor (SU-T) or CNQ (CNQ-T). There are a lot that profess to have great potential, but are yet to be proven.
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