TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

63.80
-1.13 (1.74%)
as of Aug 5, 2026, 3:07:48 pm Market Open.
1402 watching
0
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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PAST TOP PICK
(A Top Pick Dec 28/05. Up %.) Continuing to Buy for new accounts. Estimated cash flow per share for 07 is $11.50.
BUY
Have gone through the wringer a bit and would be a buy at this price Likes the oils in general.
BUY
The model price is $68.34, a 16% positive differential.
DON'T BUY
Good long-term chart, but earlier this year it topped and is now wallowing. If you have held it for the long-term, look for your exit point now. For a short-term trader, it has hit a resistant point 3 times and it’s time to sell.
BUY
Oil sands play. Understand the business and they’re smart operators.
BUY
One of the pre-eminent oil/gas producers. A lot of natural gas. Good long-term hold.
BUY
The gassiest of the majors and has been suffering because of the weak price in gas. If we get a normal winter, the gas surplus will be removed fairly rapidly. Low multiple at 5 X cash flow. Cheap.
BUY
Tremendous exposure to the oil sands which they are developing steadily, so the long-term outlook for reserves is excellent. In the short term, their Fair Market Value is very high relative to the current price.
PAST TOP PICK
(A Top Pick Sept 26/06. Up 18.9%.) Looking out 3 years, there is probably $20-$30 Oil Sands production that is not reflected in the price. Also have a holding in the horizon project.
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.
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