TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

56.02
-0.17 (0.30%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
1393 watching
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Investor Insights
star iconJun 27, 2026, 12:00 am

This summary was created by AI, based on 93 opinions in the last 12 months.

Canadian Natural Resources Limited (CNQ) is viewed positively by most experts, recognized for its strong management team and consistent performance amidst fluctuating oil prices. The company benefits from both oil and natural gas production, positioning itself as a resilient player in the energy sector. Many reviews highlight CNQ's robust financial health, including a well-structured balance sheet and substantial cash flow, which supports ongoing dividend payments and share buybacks. Although some analysts express caution, recommending to take profits or wait for better entry points, there’s a general consensus that CNQ can sustain profitability even when oil prices decline significantly. Additionally, its historical performance of returning capital to shareholders through dividends makes it a solid choice for long-term investors.

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Consensus
Bullish
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Valuation
Fair Value
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Similar
SU
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.
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.
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