Buy, Sell or Hold: Canadian Natural Rsrcs (CNQ-T) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings Canadian Natural Rsrcs (CNQ-T)

TSE:CNQ

80.34

0.03 (0.04%) 1d

BUY

A great business that's executed and acquired well. Oil will be tighter than people think. After 2020, they all cut capex, paid down debt, bought back stock, increased dividends. They continue to do all this. Will continue to throw off lots of free cash.

oil / gas

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DON'T BUY

Sell CNQ, buy SU? CNQ has a model price of $135.07, 65% upside. Where were investors 2 years ago, when they could have bought these stocks for pennies? SU doesn't have as high a valuation, has 100% upside. Neither is at a level he'd buy today, he'd want meaningful pullbacks.

oil / gas

BUY

He's overweight oil. It's still a tight market and will remain so, despite demand worries from China. CNQ is buying back shares, all good for shareholders. CNQ is dominant in this space, focusing on heavy crude oil. Is concerned of the widening price difference between WTI and WCS crude oil. Also likes Suncor, Crescent Point, Arc and Whitecap.

oil / gas

BUY

Has a 22% free cash flow yield. Look for share buybacks and variable dividends. Has one of the smartest managers. A large cap which has the same upside as smaller caps but without the volatility. Very high quality.

oil / gas

BUY

Global slowdown is real. One of those names you can put in your RRSP and forget it. Well diversified, lots of free cashflow, dividends and buybacks. Safe bet at these levels. Yield about 4.1%.

oil / gas

BUY

Ovintiv vs. CNQ CNQ. It's twice as big an oil producer as Ovintiv (formerly Encana), and over time has compounded more wealth for shareholders. They have similar valuations. CNQ yields over 4% and Ovintiv at 1.9%. Have similar credit ratings. However, CNQ has way more oil in the ground to pump. That said, he is fading oil and gas in his portfolio.

oil / gas

BUY

Excellent company with very strong management. Long term prospects for company excellent. Large investments into reserves will start to payoff in the coming years. Strong commodity price good for cash flow. Conservative balance sheet. Expecting increase in return to shareholders(buybacks and dividends). Today a good day to buy with market selloff.

oil / gas

TOP PICK

Largest senior producer in Canada, diverse asset base, industry-leading cost structure. Can maintain dividend and cashflow even if oil were in mid-$30s. His outlook for oil is favourable. Dividend could increase. Yield is 4.14%. (Analysts’ price target is $91.67)

oil / gas

BUY

He has owned this for years for the dividend. Has a high 15% operating cash flow margin and are spending some on capex, buying back 1% of stock per year and paying a 4.2% dividend, plus a 2% special dividend.

oil / gas

PAST TOP PICK

(A Top Pick Jul 20/21, Up 87%) Energy still drastically undervalued. Global demand is building for energy, while the capacity has been curtailed. He'd continue to recommend this name within the group.

oil / gas

BUY

Recent special dividend was excellent for shareholders. Excellent management team led by N.Murray Edwards. Trading at 22% free cash flow yield. Expecting a 80% upside, but better names out there with potential higher returns.

oil / gas

BUY

If a selloff gets deep enough, it takes even the leaders down. It's rallying more than the market itself. Energy is his biggest weight. Valuations are exceedingly low. Enormous resource base, great infrastructure. Excellent entry point. If he had to buy one oil company, this would be it.

oil / gas

HOLD

He prefers CNQ to SU in the large cap space, as it's a more disciplined capital allocator.

oil / gas

WAIT

The energy sector has come off in the past month but could stay fairly strong depending on the slow down in the economy. Trading is based on commodity prices. Wait for a pull back. Central banks in Asia are actually starting to cut rates to stimulate the economies.

oil / gas

PAST TOP PICK

(A Top Pick Aug 30/21, Up 69%) Very well managed, offering broad exposure to Canadian oil. Energy has been under-invested since 2015. Earnings should be $11 EPS. This stock can be well over $100. They paid down their debt, so they could buyback shares. Will raise their dividends. This will continue to do well if oil prices remain high.

oil / gas

Showing 1 to 15 of 1,426 entries

Canadian Natural Rsrcs(CNQ-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 21

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 26

Stockchase rating for Canadian Natural Rsrcs is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Canadian Natural Rsrcs(CNQ-T) Frequently Asked Questions

What is Canadian Natural Rsrcs stock symbol?

Canadian Natural Rsrcs is a Canadian stock, trading under the symbol CNQ-T on the Toronto Stock Exchange (CNQ-CT). It is usually referred to as TSX:CNQ or CNQ-T

Is Canadian Natural Rsrcs a buy or a sell?

In the last year, 26 stock analysts published opinions about CNQ-T. 21 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canadian Natural Rsrcs.

Is Canadian Natural Rsrcs a good investment or a top pick?

Canadian Natural Rsrcs was recommended as a Top Pick by on . Read the latest stock experts ratings for Canadian Natural Rsrcs.

Why is Canadian Natural Rsrcs stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Canadian Natural Rsrcs worth watching?

26 stock analysts on Stockchase covered Canadian Natural Rsrcs In the last year. It is a trending stock that is worth watching.

What is Canadian Natural Rsrcs stock price?

On 2022-12-01, Canadian Natural Rsrcs (CNQ-T) stock closed at a price of $80.34.

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Canadian Natural Rsrcs(CNQ-T) Rating

Canadian Natural Rsrcs(CNQ-T) Frequently Asked Questions

What is Canadian Natural Rsrcs stock symbol?

Is Canadian Natural Rsrcs a buy or a sell?

Is Canadian Natural Rsrcs a good investment or a top pick?

Why is Canadian Natural Rsrcs stock dropping?

Is Canadian Natural Rsrcs worth watching?

What is Canadian Natural Rsrcs stock price?