Canadian Natural Rsrcs

CNQ-T

TSE:CNQ

24.06
0.51 (2.17%)
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.
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Analysis and Opinions about CNQ-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
July 3, 2020
He does not consider energy producers to be infrastructure plays as they are exposed to commodity price trends. He prefers to own the midstream businesses.
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He does not consider energy producers to be infrastructure plays as they are exposed to commodity price trends. He prefers to own the midstream businesses.
DON'T BUY
DON'T BUY
July 3, 2020
We are past the 'best-before' date and core investments in energy are going to be less and less for institutions and individual investors. You want to wait and see what a second COVID wave will look like as we get into the flu season. The futures curve points back to $50 in 2027. There will be challenges in the sector. He does not feel it is investible.
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We are past the 'best-before' date and core investments in energy are going to be less and less for institutions and individual investors. You want to wait and see what a second COVID wave will look like as we get into the flu season. The futures curve points back to $50 in 2027. There will be challenges in the sector. He does not feel it is investible.
COMMENT
COMMENT
June 19, 2020
It is tough to knock CNQ. The Saudis are rumoured to be divesting their holdings. They have lots of liquidity. He does not own it as it is so large within the energy index. He thinks he would do better owning names that are not already known.
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It is tough to knock CNQ. The Saudis are rumoured to be divesting their holdings. They have lots of liquidity. He does not own it as it is so large within the energy index. He thinks he would do better owning names that are not already known.
DON'T BUY
DON'T BUY
May 26, 2020
Did the Saudis buy into Suncor and CNQ? He believes this is true, that a large Canadian pension fund sold these stocks to the Saudis. Can't comment on the stocks themselves; anything oil and gas been difficult. This industry can't catch a break. Oil prices can't trade at these prices for long, and a second wave will hurt these stocks more.
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Did the Saudis buy into Suncor and CNQ? He believes this is true, that a large Canadian pension fund sold these stocks to the Saudis. Can't comment on the stocks themselves; anything oil and gas been difficult. This industry can't catch a break. Oil prices can't trade at these prices for long, and a second wave will hurt these stocks more.
WATCH
WATCH
May 21, 2020
He owns no producers in Canada, nor the US. Near term contracts on oil have moved substantially. Longer term they have not moved. This is a mid-term trade. There will be a lot more volatility in the space. We have to get through a lot of inventory before fundamentals will change on oil.
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He owns no producers in Canada, nor the US. Near term contracts on oil have moved substantially. Longer term they have not moved. This is a mid-term trade. There will be a lot more volatility in the space. We have to get through a lot of inventory before fundamentals will change on oil.
BUY WEAKNESS
BUY WEAKNESS
May 20, 2020
Balance sheet safe? Their debt increased to $19.9 billion by end-March and equity is $34 billion. He feels the balance sheet is safe, but it is very levered to oil prices. As he thinks WTI could drop below $20 again soon on rising global inventory, he would be cautious. They have not cut the dividend, but have not taken any impairments on reserves just yet. He thinks this may cause some concern about the dividend longevity. Don't chase it, wait for a lower price.
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Balance sheet safe? Their debt increased to $19.9 billion by end-March and equity is $34 billion. He feels the balance sheet is safe, but it is very levered to oil prices. As he thinks WTI could drop below $20 again soon on rising global inventory, he would be cautious. They have not cut the dividend, but have not taken any impairments on reserves just yet. He thinks this may cause some concern about the dividend longevity. Don't chase it, wait for a lower price.
DON'T BUY
DON'T BUY
May 15, 2020
Phase I was the valley of death, when oil prices went to single digits. Now in Phase II, oil prices have recovered and the market is now waiting to see what happens to oil demand and how quickly it recovers. He holds 12 names, 8 of them oil producers. He would rather own a smaller cap producer. CNQ has tough competition on its cash flow to keep paying the dividend (he was surprised they didn't cut the dividend). He thinks when a buyer enters on a small cap stock, it can turn higher more aggressively.
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Phase I was the valley of death, when oil prices went to single digits. Now in Phase II, oil prices have recovered and the market is now waiting to see what happens to oil demand and how quickly it recovers. He holds 12 names, 8 of them oil producers. He would rather own a smaller cap producer. CNQ has tough competition on its cash flow to keep paying the dividend (he was surprised they didn't cut the dividend). He thinks when a buyer enters on a small cap stock, it can turn higher more aggressively.
COMMENT
COMMENT
April 14, 2020
A great company, one of Canada's best oil companies with a super balance sheet. But CNQ couldn't do anything during the recent oil war. What could they do? They can't control the price of oil. This will be a consolidator over time. Smaller energy companies won't make it through. Oil is a tough sector with a murky future. Will oil return to $50 or $60? Oil companies have to wait for the oil price to rise.
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A great company, one of Canada's best oil companies with a super balance sheet. But CNQ couldn't do anything during the recent oil war. What could they do? They can't control the price of oil. This will be a consolidator over time. Smaller energy companies won't make it through. Oil is a tough sector with a murky future. Will oil return to $50 or $60? Oil companies have to wait for the oil price to rise.
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.

Showing 1 to 15 of 1,364 entries

Canadian Natural Rsrcs(CNQ-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 18

Neutral - Hold Signals / Votes : 5

Bearish - Sell Signals / Votes : 8

Total Signals / Votes : 31

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, 31 stock analysts published opinions about CNQ-T. 18 analysts recommended to BUY the stock. 8 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. 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 Larry Berman CFA, CMT, CTA on 2020-07-03. 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?

31 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 2020-07-02, Canadian Natural Rsrcs (CNQ-T) stock closed at a price of $24.06.