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
Expects that earnings in the 3rd, 4th and 1st quarters are going to be pretty spectacular, so expects to see new highs. Relatively inexpensive on a multiple basis.
TOP PICK
Bullish on oil. Really good balance sheet. Has gas exposure which he likes for over the winter. You are kind of getting Horizon holdings for free. The pull back has created a good buying opportunity.
BUY
One of the leading producers in Canada. Has been hit and is a buy at this price. Has tremendous natural gas exposure. Great company long term.
BUY ON WEAKNESS
Expets there will be another waterfall and the stock will drop further. If you see a low $40's, that would be a table pounding buy.
BUY ON WEAKNESS
Got ahead of itself. Anything under $45 is a pretty interesting entry point.
BUY
A great name to hold. Had a really nice run and has pulled back like a lot of them. Has a great toe hold in the oil sands with the Horizon project. Expects you will see production picking up and corresponding cash flows picking up through '06 and '07. Should easily see a 20/25% upside.
TOP PICK
His Top Pick was a choice between this and Talisman (TLM-T) which is statistically cheaper. Doesn't think there is any tar sands money built into the price of the stock.
BUY
There's a bit of support developing for the stock. Has been a strong outperformer in the group.
DON'T BUY
Has had a fabulous run. Has a project, Horizon, in the oil sands which he likes. The risk on Horizon is that it could go vastly over budget. Prefers unhedged. They hedged a lot early this year in order to lock in revenues and cash flows which has cost them an enormous amount of money. Would be interested in a big pull back. Better opportunities elsewhere.
BUY
Has loads of upside potential. Fairly easy potential to the $64/65 level. Likes most of the oils, his fair market value would be 100% higher.
TOP PICK
One of the most successful companies year in year out. They have 100% interest in a new oil sands play (Horizon). Will start at 115,000 barrels a day and will grow to 230,000. 40 years reserve life with no exploration risks.
WEAK BUY
A good idea to take some money from conventional oil/gas and put it in the long life assets of oil sands. A little rich, but would consider buying at this price.
TOP PICK
Have the Horizon's oil sands project coming on in 2008. Likes the 46% of gas that they have. There has been a destruction of the gas supply from the south. The gas is also a nice hedge as you need gas to get the oil out of the oil sands. Also doing deep shore drilling off the Ivory Coast.
BUY ON WEAKNESS
Right now this name is a little bit over done. For a 3/5 year outlook, it's an outstanding play. Has benefited from its association with the oil sands.
BUY
Expect the multiples to expand on most oil/gas companies. Good company. Price of oil will be higher.
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