Canadian Natural Rsrcs

CNQ-T

TSE:CNQ

19.06
0.28 (1.49%)
Canadian Natural Resources Limited, or CNRL or Canadian Natural, is a Canadian oil and gas exploration, development and production company, with its corporate head office in Calgary, Alberta.
More at Wikipedia

Analysis and Opinions about CNQ-T

Signal
Opinion
Expert
COMMENT
COMMENT
April 3, 2020

The composition of this ETF has become highly concentrated. Five names account for 78% of its value. CNQ and SU account for most it. Both of those names have rallied well compared to their peers as buyers in the US have been stepping in. However, their hedge books are naked to oil prices right now. He would prefer to own small cap names with good hedge books, if you select the right ones he thinks.

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The composition of this ETF has become highly concentrated. Five names account for 78% of its value. CNQ and SU account for most it. Both of those names have rallied well compared to their peers as buyers in the US have been stepping in. However, their hedge books are naked to oil prices right now. He would prefer to own small cap names with good hedge books, if you select the right ones he thinks.

BUY WEAKNESS
BUY WEAKNESS
March 24, 2020
All oil has been decimated. Shocking. But these stocks can bounce nicely on optimistic day. They have free cash flow to service their debt. Don't chase it today, but nibble under $12 and hold it for long term. They have a great suite of assets and they will pay down their debt. Down the road, expect buybacks and acquisitions.
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All oil has been decimated. Shocking. But these stocks can bounce nicely on optimistic day. They have free cash flow to service their debt. Don't chase it today, but nibble under $12 and hold it for long term. They have a great suite of assets and they will pay down their debt. Down the road, expect buybacks and acquisitions.
PAST TOP PICK
PAST TOP PICK
March 16, 2020
(A Top Pick Mar 18/19, Down 54%) Everything went well until the Saudi/Russia conflict. He is not buying oils at this point.
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(A Top Pick Mar 18/19, Down 54%) Everything went well until the Saudi/Russia conflict. He is not buying oils at this point.
BUY
BUY
March 12, 2020

He owns CNQ instead of Suncor. These two are the ones you want to own with the volatility in the oil market. They both have the ability to manage through this and have a chance to buy a bunch of assets. The smaller caps are just fighting to live another day. Risk that oil can go lower.

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He owns CNQ instead of Suncor. These two are the ones you want to own with the volatility in the oil market. They both have the ability to manage through this and have a chance to buy a bunch of assets. The smaller caps are just fighting to live another day. Risk that oil can go lower.

COMMENT
COMMENT
March 11, 2020

Energy stocks? Right now stick to the large, liquid energy stocks. There is growing concern of counter-party credit exposure within the mid-stream and pipeline space. He recommends ENB-T and TRP-T for pipelines and SU-T and CNQ-T for producers, if you want to own any energy stocks. SU-T yield is 7.2%, while CNQ-T is 8.4%. CNQ-T is probably still showing positive cash flow, even at these oil price levels. You may still lose money, but it will be much less than a smaller player.

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Energy stocks? Right now stick to the large, liquid energy stocks. There is growing concern of counter-party credit exposure within the mid-stream and pipeline space. He recommends ENB-T and TRP-T for pipelines and SU-T and CNQ-T for producers, if you want to own any energy stocks. SU-T yield is 7.2%, while CNQ-T is 8.4%. CNQ-T is probably still showing positive cash flow, even at these oil price levels. You may still lose money, but it will be much less than a smaller player.

COMMENT
COMMENT
March 11, 2020
Valuation is getting more expensive, payout ratio is going higher, balance sheet is getting worse. Only buy if you think oil is going higher, and then you'll be fine.
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Valuation is getting more expensive, payout ratio is going higher, balance sheet is getting worse. Only buy if you think oil is going higher, and then you'll be fine.
COMMENT
COMMENT
March 6, 2020

Suncor is a good buy, but so is CNQ, he thinks. Both have yields of 5.6% today.

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Suncor is a good buy, but so is CNQ, he thinks. Both have yields of 5.6% today.

PAST TOP PICK
PAST TOP PICK
March 4, 2020
(A Top Pick Feb 27/19, Down 7%) A week and a half ago this was up in value. He thinks the sell off will be short lived. This is still a Top Pick for him.
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(A Top Pick Feb 27/19, Down 7%) A week and a half ago this was up in value. He thinks the sell off will be short lived. This is still a Top Pick for him.
HOLD
HOLD
March 4, 2020

Suncor will be a survivor of this energy down turn, but only wants to own one oil sands producer. He prefers CNQ. Suncor has benefited from their refinery assets, but that value uplift is pretty much played out.

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Suncor will be a survivor of this energy down turn, but only wants to own one oil sands producer. He prefers CNQ. Suncor has benefited from their refinery assets, but that value uplift is pretty much played out.

TOP PICK
TOP PICK
March 4, 2020
Any time the share price drops to the low $30s this is a good buy. He expects it to rebound back above the mid-$40s when oil prices recover. Their capex has peaked and now they can reap the benefits in higher cash flows. When capital returns to Canada, this will be one of the first ones to attract new investor interest. Yield 4.47% (Analysts’ price target is $47.00)
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Any time the share price drops to the low $30s this is a good buy. He expects it to rebound back above the mid-$40s when oil prices recover. Their capex has peaked and now they can reap the benefits in higher cash flows. When capital returns to Canada, this will be one of the first ones to attract new investor interest. Yield 4.47% (Analysts’ price target is $47.00)
BUY WEAKNESS
BUY WEAKNESS
February 21, 2020

It's a good hold for the longterm. It could be a good time to start looking into this. He would watch it closely. He thinks there will be production moving back to NA due to the coronavirus. He's looking for an entry point.

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It's a good hold for the longterm. It could be a good time to start looking into this. He would watch it closely. He thinks there will be production moving back to NA due to the coronavirus. He's looking for an entry point.

BUY
BUY
February 6, 2020
A run from Dec did very well and then abruptly turned back down. Maybe we get a rebound with the price of oil being higher. There is the 4% yield. It has recovered and his upside target of $45 remains. If oil does really well he would expect $63.
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A run from Dec did very well and then abruptly turned back down. Maybe we get a rebound with the price of oil being higher. There is the 4% yield. It has recovered and his upside target of $45 remains. If oil does really well he would expect $63.
TOP PICK
TOP PICK
February 3, 2020
It has a big bottom at $30 over recent years, and we're seeing a longer-term uptrend. We're seeing weakness and it's now re-testing support. There'll be an accumulation phase before it pushes higher. He just bought this. It's one of the best oil stocks. (Analysts’ price target is $47.11)
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It has a big bottom at $30 over recent years, and we're seeing a longer-term uptrend. We're seeing weakness and it's now re-testing support. There'll be an accumulation phase before it pushes higher. He just bought this. It's one of the best oil stocks. (Analysts’ price target is $47.11)
DON'T BUY
DON'T BUY
January 15, 2020
He is really light in the oil space. CNQ is a great company, but the problem is money is not flowing into resources. There is a large gap in the pricing of Canadian oil relative to the US and the world. He is not adding anything at this time.
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He is really light in the oil space. CNQ is a great company, but the problem is money is not flowing into resources. There is a large gap in the pricing of Canadian oil relative to the US and the world. He is not adding anything at this time.
COMMENT
COMMENT
January 6, 2020
CNQ-T vs. SU-T. He thinks we are at the point where we have peak demand for carbon-based energy. By 2025 every car manufacturer will at least have a hybrid. There will always be at last a little demand for carbon-based energy. Right now we are generating more energy from solar than from coal, so we are moving in the right direction. He is indifferent to the two stocks.
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CNQ-T vs. SU-T. He thinks we are at the point where we have peak demand for carbon-based energy. By 2025 every car manufacturer will at least have a hybrid. There will always be at last a little demand for carbon-based energy. Right now we are generating more energy from solar than from coal, so we are moving in the right direction. He is indifferent to the two stocks.
Showing 1 to 15 of 1,356 entries

Canadian Natural Rsrcs(CNQ-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 27

Neutral - Hold Signals / Votes : 8

Bearish - Sell Signals / Votes : 6

Total Signals / Votes : 41

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, 41 stock analysts published opinions about CNQ-T. 27 analysts recommended to BUY the stock. 6 analysts 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 Eric Nuttall on 2020-04-03. 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?

41 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 2020-04-06, Canadian Natural Rsrcs (CNQ-T) stock closed at a price of $19.06.