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TSE:CNQ
This summary was created by AI, based on 99 opinions in the last 12 months.
Canadian Natural Resources (CNQ-T) is regarded by experts as one of the better-performing companies in the oil and gas sector, particularly in natural gas and oil sands. Many analysts appreciate its robust management team, consistent dividend growth over decades, and strong cash flow generation even when oil prices are low. The company's diversified asset base, including significant natural gas reserves, positions it well in the fluctuating energy market. However, there are cautious notes regarding oil price volatility and geopolitical influences, leading some to suggest that investors should consider market conditions before making new purchases. Overall, experts recommend maintaining a position in CNQ while being mindful of valuation and potential stock price pullbacks as influenced by oil market dynamics.
Oil reserves in a safe haven. Well run. If peace breaks out in the Middle East, all the energy names could retrace somewhat; if conflict escalates, then oil will run and you should take profits along the way.
If you're looking at a 3-10 year investment, by all means buy some energy here. But if you're looking for a 3-6 month trade, you have to be careful with these politically charged components of the market.
He can't tell you where the price of oil is going. He does know that demand continues to increase. One of the best capital allocators in the O&G space. Decades and decades of reserves. Increased dividend for 25-26 consecutive years.
For a generalist, long-term investor, trust the management of the quality leader. When oil turns down, this name will hold up better. If there was a pullback for no good reason, he'd buy more. Be patient and wait for your opportunity.
The question was on his preference between Suncor and CNQ. He would side with Suncor since it has more upside and CNQ's price is approaching fair value. Suncor has underperformed over the past week with the CEO stepping down. He had guided the company to a major turn-around. If the next CEO can continue to run the company as well as it has been running then he sees a 40% upside two years out.
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.
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.
Canadian Natural Rsrcs is a Canadian stock, trading under the symbol CNQ.TO (previously CNQ-T on Stockchase) on the Toronto Stock Exchange (CNQ-CT). It is usually referred to as TSX:CNQ or CNQ.TO
In the last year, 99 stock analysts issued a Buy, Sell, or Hold rating on CNQ.TO (previously CNQ-T on Stockchase). 68 analysts recommended to BUY and 18 analysts recommended to SELL the stock. The latest stock analyst rating is BUY. Read the latest stock experts' ratings for Canadian Natural Rsrcs.
Canadian Natural Rsrcs was recommended as a Top Pick by Jim Cramer - Mad Money on 2026-08-24. Read the latest stock experts ratings for Canadian Natural Rsrcs.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Canadian Natural Rsrcs.
Canadian Natural Rsrcs is followed by 1405 investors on Stockchase and is a trending stock that is worth watching.
On 2026-08-25, Canadian Natural Rsrcs (CNQ.TO) stock closed at a price of $68.68.
Is one of the better natural gas plays.