TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

56.02
-0.17 (0.30%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
1393 watching
0
Investor Insights
star iconJun 27, 2026, 12:00 am

This summary was created by AI, based on 93 opinions in the last 12 months.

Canadian Natural Resources (CNQ) is widely recognized among analysts as a well-managed oil and gas producer with a solid balance sheet and significant free cash flow potential. The company is seen as a stable long-term investment, benefitting from both oil and natural gas production. Many experts highlight CNQ's ability to manage costs effectively and its history of increasing dividends, with some noting their comfort with the stock even at lower oil prices. There is a consensus that the stock performs relatively well, but opinions on timing for entry are mixed, with some suggesting waiting for a pullback before investing. Notably, concerns about oil price volatility loom, and while many analysts are bullish on its long-term prospects, some advise caution in the current energy market climate.

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Consensus
Buy
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Valuation
Fair Value
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BUY
Developing the Horizon oil sands project with engineering. One of the few companies that are bringing things in on time and on budget. Diverse with one 1/3 gas, 1/3 heavy oil and 1/3 light oil. Trading at a very reasonable multiple.
WATCH
Probably one of the best run big oil/gas companies in the world. Have enough properties that they can continue to grow over the next 10 years. In the short term, he is cautious on oil, but the medium to long term is tremendously bullish.
BUY
Looking at a 2008/2009 timeline for their Horizon project to come on. Have given out about 50% of the construction and has come in on budget. Very cheap. Strong takeover candidate.
BUY
The Horizon project will be coming on next year. Awfully close to the point where he would be comfortable stepping in. Have some of the best properties in North America. OK to buy for a long-term view.
COMMENT
One of Canada’s finest companies. Historically a conventional oil/gas company. Good at acquisitions. In the Horizon Oil Sands project. Doesn’t like that they give adjusted earnings disclosure, which excludes stock based compensation.
PAST TOP PICK
(A Top Pick Oct 20/05. Up 32.4%.) Still likes it.
COMMENT
One of the best large cap companies. Like a lot of the large cap E&P companies, it is showing discipline. Cut their cap-x because of high service costs for drilling companies. Caution: - Chewed through their cushion as relates to the Horizon Oil Sands project and will probably have some cost overruns.
BUY
It is 1 of only 19 companies in the TSX that has such rapid margin asset and turnover growth. It is holding up very well in this period of weaker oil prices. A good one to speculate on in a trade.
BUY
If you can stand the volatility, you'll do really well over time. If you are worried about volatility, consider royalty trusts.
BUY
Has been volatile because they Canadian oil/gas market has been popular with the hedge funds creating a lot of speculation. Bullish on all the large companies.
BUY ON WEAKNESS
Some concerns about its oil sands development, as well as 3rd quarter numbers. Longer term, she likes it, but would wait for weakness.
TOP PICK
(A Top Pick Oct 18/05. Up 25.4%.) Even at $55 oil, the revised cash flow per share next year still puts the price to cash flow ratio below 5.
COMMENT
Good company but would treat it as a seasonal trade. Gas and oil storage is running at fairly high levels, so have to get a fairly cold winter to burn off some of this storage.
HOLD
Good reputation, but also regarded as a trading stock. Quite volatile. Could be a reasonably good entry point.
PAST TOP PICK
(A Top Pick Aug 18/05. Down 3.7%.) Down because it made an acquisition making it a bit gassier and oil sands costs have created concerns. Still likes.
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