Canadian Natural Rsrcs (CNQ.TO)

Great company and he's made some $$ in it. That said, 80% of the variability will be the price of oil. Oil is jumping all over (to say the least ;). Thinks oil will stay up here, and CNQ should do fairly well. He's comfortable riding out the cyclicality, but have it as just one part of a diversified portfolio.

If you're an O&G investor, this should be a staple in your portfolio. Bit of a misstep last quarter. High-quality name. Fairly valued here, but one to just hold.

The long-term oil outlook is not good, bearish. Crude in the 2030s is in the $40-50s. Short term, buy dips in energy. No, he wouldn't buy and hold this for 5-10 years.

Right now in the lower half of his universe (the "red zone"). Pulled back, and is underperforming. Chart shows it's starting to show signs of life; seems to be moving into a sideways range (let's say between $55-70). Not attractive on RSI, but is climbing up within that range.

It took a while for the TransMountain pipeline to get full. How long does it take to build a pipeline. CNQ is the first he'd buy and the last he'd sell. Very well managed, has little debt and returns capital to shareholders. Don't own it for the hopes that a new pipeline will be built this decade.

It took a while for the TransMountain pipeline to get full. How long does it take to build a pipeline. CNQ is the first he'd buy and the last he'd sell. Very well managed, has little debt and returns capital to shareholders. Don't own it for the hopes that a new pipeline will be built this decade.

Long-term outlook for crude oil is bearish. When he looks at the forward price of crude past 2030, it's in the $50s (and could get into $40s depending on supply dynamics).

Short term, sure, buy dips in the energy space. Is this a name he'd be comfortable buying here and holding for 5-10 years? Absolutely not.

A lot of oil companies have fallen since the highs of March/April. He added just this morning -- chart's attractive, price bouncing off 200-day MA. 

Likes it at almost every investment cycle. (She'd choose it as a Top Pick on every Market Call appearance if they let her ;)  Premium assets, premium management, low decline rate. Consistent cashflow.

Makes $$ when oil is $50. Higher oil price means that it can pay down debt faster and buy back more shares. A stock to own for the next 50 years. Yield is 4.27%, and dividend is growing. 

Oil prices are everywhere, and you have to be comfortable with that. Probably not a bad idea to buy when oil is ~$70 and everyone thinks the worst has passed. Trades in line with peers. Balance sheet in very good shape. 25% FCF from 2025-2027, on 3% production growth. Nice dividend. Even if oil goes down, it's profitable down to WTI at $50. 

If you think oil's going down, you don't want to buy this stock. It's a coin toss right now with oil at $70. There are easier risk/reward places than oil stocks right now.

One of the best-managed companies in the world. Their oil business is stable, but their gas side is overlooked. They are a top-3 gas producer in Canada. Good cash flow will continue and allow them to buyback stock and shrink their debt.