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
PAST TOP PICK
(A Top Pick May 16/05. Up 52%.) Still not a bad buy.
BUY ON WEAKNESS
Probably the gassiest of the E&P companies. You might want to wait for a little bit of a pull back.
TOP PICK
Stock has been on fire for about 3 years. When oil prices rose, the value of their reserves grew enormously. Have sanctioned an oil sands plant and they own 100% of the project.
BUY ON WEAKNESS
Likes the company and management. Likes some aspects of their business. Not a big fan of the conventional oil and gas industry, however they are now building the Horizon project which will be a $10 billion oil sands project and he likes the oil sands. Is hoping for something to trigger a drop in its share price.
PAST TOP PICK
(Was a Top Pick Apr 5/05. Up 32%.) If oil averages $50 a barrel, the net asset value of the stock could be $75/80. The cash flow per share, $10.25 this year and $12.50 next, it is one of the cheaper ones around. It looks like they are going to be able to do the Horizon field in the oil sands by themselves. Good long term holding.
BUY ON WEAKNESS
Likes the company. Trading reasonably fairly in terms of its valuation, but it's had a really nice run. Might wait for a slight pull back.
BUY
Has performed exceptionally well. Core operations are growing at a reasonable rate. Generates good cash. Have some oil sand projects. OK for long term hold, but wouldn't buy immediately.
WAIT
There's about $10/12 on the oil sands which isn't in the valuation. If oil pulled back to $54 next week it would be a problem. Could treat as a trade. Really likes the stock.
BUY
Looking at this stock, you have to sort out the short term from the long term. From his perspective, it is very strong and has a considerably higher count in terms of upside potential than where it is trading at currently. Quite bullish on the company.
BUY
Has recently broken out, so not sure how far they're going to go, but expects it will continue for another several months. Should see some more positive earnings. Very reasonable on basic fundamentals, price/earnings multiples.
BUY
If he was trading this stock he would do it as a covered right. The options premium on this stock are in about the 7th decile which is more expensive than most. Would buy the stock and sell a covered call against it.
BUY
Have the big tar sands project coming on in the next few years. Once it comes on, given a 2/3 year time frame it could be a $75 stock. Good long term ownership.
HOLD
Most of the oil and gas producers look the same. Would be suspicious here, especially if the volume is getting heavy. Would want to see others in the sector also making highs.
TRADE
Energy sector has has 2 solid years of blow out end markets that it's been selling into, so balance sheet quality has improved dramatically. This could lead to mergers/acquisitions including CNQ. He is shorting this stock.
BUY
One of his favourites in the senior producer category. Should continue to be a good performer. Cash flow return on enterprise value has always been well above average for business in general and high in the oil industry.
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