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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Similar
SU
HOLD
Has had quite a setback recently and is getting down to a level where he thinks it is going to bounce. On a bounce, he would lighten up.
WAIT
At $55 oil, it is 4.4 X next year's cash flow but would like to see the price of oil stabilize before buying.
BUY
Bullish on commodities. This should be quite a good performer in the next year.
PAST TOP PICK
(A Top Pick Oct 20/05. Up 17%.) Has some great properties. There is some softness in its price as the market has doubts about its costs on their Horizon project.
BUY
A gassy play. Has some heavy oil exposure which sells at a discount, but feels that North American gas looks the best it has been.
HOLD
Premier company for oil in North America. Generate tons of free cash flow. Extremely well managed. A big company, so not a lot of growth.
HOLD
Good company and assets. A lot of these companies have been moving sideways. Costs have really got out of control. Not expecting a lot of these stocks to go roaring back to their old highs.
PAST TOP PICK
(A Top Pick Aug 18/05. Up 8.2%.) A huge oil sands project that comes on in 08. They are about 40% done and are ahead of budget.
PAST TOP PICK
(A Top Pick June 12/06. Up 8%.) Still likes.
PAST TOP PICK
(A Top Pick June 8/06. Up 11%.) A mixture of oil and gas with the Horizon project still coming. Well-managed. Contain costs. Asset value is probably $80. Would buy more at $55. A hold.
PAST TOP PICK
(A Top Pick Sept 6/05. Up 4.8%.) This was a gassy play and that was not worry you wanted to be. Continues to like it. Well-run. Good price.
BUY
What drives the sector now is the “forward price” of oil. Oil and stock prices now have about a 95% correlation. This is a very valuable property in the oil sands. Arguably the lowest cost producer.
PAST TOP PICK
(A Top Pick July 21/06. Up 30.2%.) Still buying.
COMMENT
His “fair market value” is outstanding at more than 3 X the current price, but the market won't pay for that because it doesn't believe these oil prices.
BUY
With the price of energy reaching new highs, a lot of these companies are cash flowing a lot of money.
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