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
TOP PICK
Drilling offshore Africa with some pretty good results. Their assets in the North Sea is really a cash cow. Continuing to work on the Horizon project in the oil sands. There's a sudden revival in interest from US investors in energy stocks. There are rumors of a takeover. Cheap at 3.5 X this year's cash flow.
BUY
Has a model price of $43 which is a 25% differential.
BUY ON WEAKNESS
Comparable to Encana (ECA-T) and Talisman (TLM-T). In some ways a little bit cheaper. Has some excellent production coming on. Would like to see it down another $2 before buying more.
TOP PICK
(A Top Pick Feb 24/05. Down 1%.) Likes energy stocks going forward. Have great gas productrion. Scored a bit of a coup in the Horizons Oil Sands project by getting exemptions to hire people. Have a cash cow in the north Sea. Getting some pretty good production off shore Africa. Very cheap and could see a double from here.
DON'T BUY
Great company and very well managed. Like all oil companies it will be sensitive to the price of oil. The one risk she sees is the very large project, Horizon. The 1st phase is going to cost about $6 billion and have not announced a partner yet. Oil sands projects tend to take a very long time and come in over budget. Would wait on this one.
TOP PICK
(A Top Pick Mar 24/05. Down 3%.) His favourite senior oil. Has the heavy oil sands project coming on stream. Trading at 3.5 X cash flow with production growth for the next 10 years.
BUY ON WEAKNESS
Has a trading range from the low $60's to the $70's, mid-$70's. Has been a great relative performer over the last couple of years compared to energy stocks over all. The slope of the channel is a little more negative than Encana (ECA-T) was, so be cautious.
STRONG BUY
The next 24 months will be the critical time for them going into the oil sands world. Truly brilliant individuals running this company. Oil sands will be an extraordinary value creation for CNQ.
BUY
Re:options on this stock. Great company. One of the more volatile plays in the energy sector. Options on this one are very expensive relative to options in the energy sector. His play would be to buy the stock and sell covered call options against it. Good cash flow from this strategy.
BUY
Likes the gas area. Both CNQ (CNQ-T) and Encana (ECA-T) are outstanding companies. They both have quite a bit of gas perspective to them. Valuations on both are compelling at this time.
DON'T BUY
Feels the energy stocks are spiking and are starting to decelerate.
TOP PICK
Well off its high. The overall context is rising oil/gas prices over the next 3/5 years. This and Talisman (TLM-T) are the 2 cheapest at 3.4 X this year's earnings assuming $53 oil this year and $55 next.
BUY
Q:CNQ (?) or Encana (ECA-T)? A: Hasn't done a net asset value study on either of them, so can't comment except that he feels you can't go wrong with either of them.
BUY ON WEAKNESS
Had a 10% difference between the high and the low for the day which is ridiculous. Best to pick a price that you want and wait for that price. Don't chase it.
BUY
The oil sands has become much more of a focus area globally. Should do very well. Looking for 10% growth.
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