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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TOP PICK
Over the last 15 years has been a top decile performer, i.e. always in the top 10% of its peer group with respect to operating costs, growth, finding development costs. A very well run company. One of the cheapest ones out there trading at a multiple of about 4 X cash flow. Their oil sands project with Horizon isn't factored into the stock.
DON'T BUY
A great, well managed company. A lot of heavy oil exposure. Spreads on light/heavy oil widened dramatically at the end of '04. Impressed with their operations longer term, but prefers Encana at this time.
BUY
Prefers smaller capped, faster growers. Good quality company with relatively good growth in their sector. Has a heavier amount of heavy oil in its mix than others. Depending on how the spread is acting, the earnings might suffer.
BUY
Have reduced their weighting. If you take their earnings and put it in their balance sheet, looking out a year, the stock could be $69.
DON'T BUY
The highest beta large cap energy in Canada. Depends on your view of oil for the next 6 months. Feels there is some downside risk in oil the next 6 months and upside beyond. However China looks like it will be having a pipeline. Still feels there will be downside near term.
TOP PICK
Likes the energy space. At 3.2 X this year's cash flow. Not paying very much for its oil sands participation. 1/3 of their production is heavy oil.
BUY
Investors owning this stock are still not paying for the Horizon Oil Sands project which is still a number of years away. Even with this out of the equation, this is one of the cheapest senior producers. Can still make some good money.
TRADE
Q: Switch from CNQ to Talisman? A: Saw some good announcements today that Talisman was going to grow production by 5% and they have a good balance sheet, but likes CNQ management which is very focused on shareholders' growth.
BUY
Much more focused on natural gas versus heavy oil now. In the short term, the spread on heavy oil is too large, so they are not making any money on this side. Longer term, this is a brilliant company and very cheap.
BUY
Had decent production growth in '05. Intermediate to long term they have solid production growth opportunities through their Horizon project in the Oil Sands. There's a broad global audience for this stock. Valuations are quite cheap.
BUY
Excellent management and properties. Moving into Oil Sands which they view positively for the long term. Good long term hold.
BUY
A decent entry point would be around $50 and a great entry point would be $46/47. Would be one of two of his favourite energy stocks. Good gas/oil mix and some exposure overseas. Good production growth.
TOP PICK
One of the cheapest on a Price to Cash Flow basis. Also likes their focus in North America.
PAST TOP PICK
(A Top Pick Nov 8/04. Up 9%.) Have changed from heavy oil to being one of the more gassier producers. (He likes gas more than oil.) Continuing to buy large numbers of fields off the majors.
PAST TOP PICK
(A Top Pick Aug 25/04. Up 24%.) Still likes. Still has room to grow. Very nice heavy oil project.
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