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
HOLD
Could come down another $2 before bottoming out. Had a spectacular run.
BUY
Lots of upside potential. Fair market value is well over $160. Technically the oil index has been acting quite well to boot. CNQ runs into some technical resistance at about the $74 level, so it has to clear that hurdle and then should move on to a fairly nice run after that.
TOP PICK
One of the cheapest in the world in terms of production along with Talisman (TLM-T) and Encana (ECA-T). Will continue to buy on any pull backs.
TOP PICK
A very well run company with a lot of opportunity for further growth. Still the cheapest on the large caps. At current levels, you're getting their Canadian oil sands project for free. Horizon has a lot of investment that has to come forward with 1st production in 2008.
WAIT
Would wait a little bit. They have some cost issues. They're cheap relative to their larger cap peers, but coming from the Horizon project, would wait a little further. Would prefer something like Devon (DVN-N).
WAIT
Would consider adding to their portfolio if they had any room for more energy stocks. Because of the season, would wait.
TOP PICK
Recent drop is an opportunity to buy. Still cheap. At an average of $45 for oil, they will cash flow $16.50 this year. Should trade around a 5 multiple. Historically it has been slightly over 5. Over high 4's gives $80. That doesn't include Horizon, their oil sands project which will be about $12 a share which you are getting for free right now.
BUY ON WEAKNESS
Have done a fabulous job. They are replacing their declines which some of the big boys are not. Has had a great move from the $40's to almost $75. If it backed off below $60, and the S&P/TSX Capped Energy (TTEN-I) was at $210 it would be a fabulous buy.
BUY
His model price of $84 suggest even higher valuations to come. Have taken quite a bit off the table.
BUY
When a group becomes a leading group in a market, volatility will increase which means the risk level is going up. The recent pull-back is symptomatic of this and creates an opportunity to buy.
TOP PICK
Likes the energy space and this is one of the cheapest intermediate producers. Sells at 4 X cash flow. Likes the Horizon project. Has a lot of global assets.
HOLD
Taken a little bit of profit but still serious holders.
DON'T BUY
Oil strategic reserve is almost filled and once you get into the seasonal low of the 2nd quarter, feels that oil wil more likely settle back into the $40 range. Likes the company. Has some good growth profiles. The biggest risk is the Horizon project. Will be a major capital expenditure if they go ahead with it. Would take some money off the table if he owned.
BUY
Not enough refining facilities. Large oil sands exposure. Doing well. Will be volatile.
TOP PICK
(A Top Pick Dec 31/04. Up 34%.) Likes the energy space.
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