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
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.
BUY
Positive on the price of energy, including oil, gas, uranium, etc. The demand is not going away and there are supply constraints. Very important to have exposure to this sector.
BUY ON WEAKNESS
Has had a really strong run which doesn't look like it's going to stop. Buy on any pull-back. One of the best managed companies. Good intermediate term term too. Have massive resources off Trinidad that they're just bringing on stream.
WAIT
One of Canada's finest companies. Exceptional management. Just announced their sanction of their Oil Sands project, Horizon. Likes Oil Sand and will be looking for an opportunity to buy during any weakness in energy prices.
BUY ON WEAKNESS
Likes it, but wouldn't be a buyer at this price. The Horizon Tar Sands project is worth about $15 a share so the price could go to $80.
PAST TOP PICK
(A Top Pick Nov 24/04. Up 28%.) Still likes, but with their investment in Horizon Oil Sands, it might be a little choppy going. May be a good time to take some profit.
WAIT
Had a good run recently on the news that they are going to go ahead with Horizon and they have the capital to do it. Likes the story and should be a core holding in the large caps. Wouldn't chase it at this price, but on any correction in energy would pick some up.
TOP PICK
The cheapest of all the major Canadian producers. It should sell at 5 X cash flow. Once the Horizon project is up and running, this could be close to 500,000 barrels a day.
BUY
Stock responded very well to the news that they were going to proceed with the heritage project. Technically, the stock is very strong. Seasonality period for energy is from the end of January to the end of May. This particular case started early and will probably end early, i.e. a technical SELL signal will probably come before the end of May.
BUY
Trading around 14.2 X cash flow which is very compelling. Has some heavy oil, so you have to watch the light/heavy spread. Has the prospect of a significant heavy oil project in the oil sands. Also has natural gas.
PAST TOP PICK
(A Top Pick Dec 1/04. Up 17%.) Far more to go. The upside potential is more than 100% from here.
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