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) is regarded as one of the best-managed oil and gas companies in Canada, demonstrating solid operational performance and a commitment to returning capital to shareholders through dividends and stock buybacks. Experts highlight its significant reserve base, discipline in management, and ability to remain profitable even at lower oil prices, contributing to its attractiveness as a long-term hold. Despite some experts mentioning concerns regarding oil price volatility and the broader energy market outlook, many agree that CNQ's diversification and low-cost production make it a resilient player in the industry. The company has consistently raised dividends for over 25 years, reflecting strong cash flow generation and fiscal responsibility, with analysts projecting a positive long-term trajectory for the stock, particularly if oil prices stabilize or rise again.

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Consensus
Hold
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Valuation
Fair Value
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DON'T BUY
A high component of their production is in heavy oil which tends to trade at a fairly wide spread to West Texas oil. The spread is putting pressure on CNQ. Affecting all oil companies is the Cdn$ being understated in the market's expectations. Also have a heavy oil project in Alberta which is going to drain on their capital expenditures.
BUY
A fine company. Recent drop was because of oil prices.
WAIT
Has dropped to a support level and technically is not in gear for another upward move yet. As we get into late January and get some quarterly results from them, it will be time to take a closer look.
BUY ON WEAKNESS
Looking at this one very closely. A terrific company. Will bounce around with the price of oil. Try to buy in the $42/45 range.
WAIT
Wait for the pullback to play itself out. Very sharp drop in oil and oil stocks. Look for where the 200/100 day moving averages are, as possible entry points. (Perhaps $40?) The uptrend is there and doesn't see it broken yet.
BUY
Their favourite in the oil stocks. Trades around 4 X cash flow and has an Oil Sands property coming on stream in about 3 or 4 years.
BUY
Has almost been trading lockstep with the price of oil. Trades at about 4 X cash flow while its peers are at 6 X. Have a major Oil Sands play which is a couple of years away, which will provide further upside.
TOP PICK
(A Past Top pick Sept 17/04. Up 11.5%.) About the cheapest of the energy stocks and the only one that hasn't broken out yet. FMV of over $100.
BUY
An excellent company. Mostly natural gas, but they are working on a project in the Atrhabaskan Tar Sands which will give them more oil exposure. One of the best names out there.
BUY
Very solid company.
TOP PICK
International presence. Cheap relative to its peers. Increasing production by 30%.
BUY
Probably their #1 ranked stock in the oil patch in the producing sector, based on cash flow, return on enterprise value. Good exposure in many areas in western Canada.
WEAK BUY
Likes to value at about 4/5 X cash flow. Well managed. The CAPX for their Horizon project has increased substantially.
BUY
Looking at it. Major risk is their Horizon project where costs are larger than expected.
PAST TOP PICK
(A Top Pick Aug 6/04. Up 17%.) Pulling back a little on lower oil prices. Forcasting 13% increase in production in 2005.
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