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
A very high quality oil/gas. The big question with oil/gas stocks here is they've had such a ramp, is it time to step in? Have taken some profits in this sector, but remain overweight. Can they manage the costs on their expansion? Good long term investment.
BUY ON WEAKNESS
Has corrected back. If you are not a shareholder, give it a bit of time here to correct back a little more. Try to get it in the mid $40's. The Horizon project is a go.
TOP PICK
Good long term value. Really likes Horizon oil sands project. Down 12% in a week makes it attractive. There will be volatility. Reasonable cash flow multiple. Likes the growth.
TOP PICK
(A Top Pick May 18/05. Up 63%.) In this area, he follows 3 very closely. CNQ (CNQ-T), Encana (ECA-T) and Talisman TLM-T). Talisman, CNQ and Encana are cheap to expensive in that order. Would want to see Encana come off 3/5%, but the other 2 are looking a bit toppy short term.
TOP PICK
Getting to be fully priced with the Horizon in there, but the cheapest company in the oil sands trading at 4 X cash flow. A balanced company with 1/3 heavy oil, 1/3 light, 1/3 natural gas, plus the Horizon asset.
DON'T BUY
Absolutely one of the best companies in the country. Getting fully valued now. There is still concern in these oil sands companies as to who is goiing to execute the plan with the costs going up so much. Can't see them messing up.
DON'T BUY
Formed a long base from '01 to '04 and that was the time you should have gotten in. Now into a spike and buying into a spike is not a good idea.
BUY
Pricing in $40/45US a barrel. Even though they've gone up a great deal, the oil price will be higher for longer. Buy on any pull back. $50/60US a barrel for the next few years is doable and the price of oil stocks do not reflect that.
BUY
There are other energy names he would go after first. When talking energy, you have to talk about the whole sector as it is really predominately based on the oil price and he feels it will go higher yet, although it may pull back a bit in the short term.
BUY
Feels we are in the sweet spot of a very strong rally in the energy market which could go on for some time. Very well situated with their position in Millenium and what they are doing offshore.
BUY
They should report about $4 on the quarter. Trading very cheaply.
BUY
If you are a believer in oil/gas and strong commodity prices, but not so much in income, this is a good way to play the oil sands.
BUY
Has disappointed a few people. Went through a fairly major restructuring in terms of selling/buying assets and part of that really dropped their production levels so a number of people backed off on that. He has no problems owning this one.
TOP PICK
Still likes the energy space. This gives you 1st rate exposure to the oil sands through its Horizon project. In the meantime they have some heavy oil production plus great gas production in North West B.C. plus a cash cow in the North Sea. 3.5 X this year's cash flow.
WAIT
A great company with a great asset. Long track record of adding value. In the very short term, would be surprised if it moved significantly up from this point unless there was a spike in oil prices. The 1st phase of Horizon, which comes on about 3 years from now, much of that is discounted in the $40 range.
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