Canadian Natural Rsrcs

CNQ-T

TSE:CNQ

30.89
0.22 (0.71%)
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
TOP PICK
TOP PICK
December 11, 2020
We have been going through a unique time when the small cap players outperform the large caps. You can own large caps with the likelihood of upside fairly large. At $50 oil, they are trading at a 16% free cashflow yield and 23% at $60. (Analysts’ price target is $33.77)
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We have been going through a unique time when the small cap players outperform the large caps. You can own large caps with the likelihood of upside fairly large. At $50 oil, they are trading at a 16% free cashflow yield and 23% at $60. (Analysts’ price target is $33.77)
COMMENT
COMMENT
November 20, 2020

CNQ would be better for dividend sustainability. They have less maintenance requirements on their properties, a better run company. There is better inside ownership. He owns both. At $60 oil, CNQ will have 18% free cashflow yield. Suncor has less leverage due to refining exposure.

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CNQ would be better for dividend sustainability. They have less maintenance requirements on their properties, a better run company. There is better inside ownership. He owns both. At $60 oil, CNQ will have 18% free cashflow yield. Suncor has less leverage due to refining exposure.

BUY
BUY
November 4, 2020
One of only two global oil managers not to cut dividends, and so the yield is up. One of the best managed companies anywhere in any industry. Death of oil is greatly exaggerated. Will continue to be a lower cost producer. Likes it for the long term. Reasonable dividend will continue. Yield is almost 8%.
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One of only two global oil managers not to cut dividends, and so the yield is up. One of the best managed companies anywhere in any industry. Death of oil is greatly exaggerated. Will continue to be a lower cost producer. Likes it for the long term. Reasonable dividend will continue. Yield is almost 8%.
PARTIAL BUY
PARTIAL BUY
October 16, 2020

The Painted Pony transaction is immaterial in the grand scheme of things for CNQ. CNQ is a well-run company. It could probably double from here with their cashflow break even being at $27 for maintenance cap-ex. A very well-run and cheap large cap. He just prefers small cap.

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The Painted Pony transaction is immaterial in the grand scheme of things for CNQ. CNQ is a well-run company. It could probably double from here with their cashflow break even being at $27 for maintenance cap-ex. A very well-run and cheap large cap. He just prefers small cap.

DON'T BUY
DON'T BUY
October 5, 2020

It does not have downstream operations, but is trading at the same valuation as SU-T. He would give it a pass. There was a sell signal three weeks ago. Wait for a positive transit.

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It does not have downstream operations, but is trading at the same valuation as SU-T. He would give it a pass. There was a sell signal three weeks ago. Wait for a positive transit.

PAST TOP PICK
PAST TOP PICK
September 25, 2020
(A Top Pick Sep 19/19, Down 34%) The future for crude oil and natural gas is reasonably bright. We must replace coal and help supplement renewables. The company and management team has been outstanding and the dividend has been stable.
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(A Top Pick Sep 19/19, Down 34%) The future for crude oil and natural gas is reasonably bright. We must replace coal and help supplement renewables. The company and management team has been outstanding and the dividend has been stable.
PAST TOP PICK
PAST TOP PICK
September 10, 2020
(A Top Pick Sep 04/19, Down 17%) Sold it. He didn't foresee the pandemic or the OPEC-Russia price war of April. They make crude in western Canada and crude prices have been killed.
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(A Top Pick Sep 04/19, Down 17%) Sold it. He didn't foresee the pandemic or the OPEC-Russia price war of April. They make crude in western Canada and crude prices have been killed.
BUY
BUY
September 8, 2020

Suncor vs. CNQ Both great Canadian energy stocks. He has owned Suncor and currently owns CNQ as his only energy stock. CNQ maintained its dividend throughout the lockdown, while he believes Suncor lowered theirs to protect their balance sheet. He likes CNQ in energy---you still get a nice yield. Suncor and CNQ will do well long term. Suncor will do well if the energy space improves. He owns 3.5-4% energy on the low side, but you don't want to own too much or too little energy. About two years ago, SU's refining assets were doing really well and got a premium valuations, so maybe that's why the stock has unwound recently.

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Suncor vs. CNQ Both great Canadian energy stocks. He has owned Suncor and currently owns CNQ as his only energy stock. CNQ maintained its dividend throughout the lockdown, while he believes Suncor lowered theirs to protect their balance sheet. He likes CNQ in energy---you still get a nice yield. Suncor and CNQ will do well long term. Suncor will do well if the energy space improves. He owns 3.5-4% energy on the low side, but you don't want to own too much or too little energy. About two years ago, SU's refining assets were doing really well and got a premium valuations, so maybe that's why the stock has unwound recently.

WAIT
WAIT
August 18, 2020

Suncor and CNQ SU cut their dividend. It is a bellwether energy stock. Refining margins are tough which hurts SU. He owns CNQ instead; it didn't cut its dividend. SU stock is okay now with oil prices in the low-$40s, but could weaked in the fall. He's not adding his energy exposure. The bigger picture is: how much oil do you want in your portfolio. He owns CNQ and recommends that in the mid-$20s. Oil offers decent risk/reward given base demand, but wait till the fall to see if demand declines due to a COVID uptick. Oil depends on whether shale oil receives capital support and shale decline has been the game-changer in the last few months. Overall, SU is fine, but if you're switching into CNQ, now's the time to do it.

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Suncor and CNQ SU cut their dividend. It is a bellwether energy stock. Refining margins are tough which hurts SU. He owns CNQ instead; it didn't cut its dividend. SU stock is okay now with oil prices in the low-$40s, but could weaked in the fall. He's not adding his energy exposure. The bigger picture is: how much oil do you want in your portfolio. He owns CNQ and recommends that in the mid-$20s. Oil offers decent risk/reward given base demand, but wait till the fall to see if demand declines due to a COVID uptick. Oil depends on whether shale oil receives capital support and shale decline has been the game-changer in the last few months. Overall, SU is fine, but if you're switching into CNQ, now's the time to do it.

COMMENT
COMMENT
August 11, 2020

She owns no oil names and won't re-enter it. But CNQ would be one of the top names if she does return to oil. They just bought Painted Pony, so they can afford to buy assets at cyclical lows like now. They expand opportunistically.

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She owns no oil names and won't re-enter it. But CNQ would be one of the top names if she does return to oil. They just bought Painted Pony, so they can afford to buy assets at cyclical lows like now. They expand opportunistically.

WEAK BUY
WEAK BUY
August 6, 2020
There was a fear that Q2 results were going to be bad. In his opinion, Q2 is irrelevant. Outlook for next year is positive. He thinks there are better opportunities but it is a good name too.
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There was a fear that Q2 results were going to be bad. In his opinion, Q2 is irrelevant. Outlook for next year is positive. He thinks there are better opportunities but it is a good name too.
PAST TOP PICK
PAST TOP PICK
August 4, 2020
(A Top Pick Aug 07/19, Down 19%) Sold it last March. CNQ didn't work out, simple as that. The hit on oil demand by COVID and the Saudi-Russia spat triggered his sell. The pipeline shortage was another factor. CNQ has recovered a bit though.
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(A Top Pick Aug 07/19, Down 19%) Sold it last March. CNQ didn't work out, simple as that. The hit on oil demand by COVID and the Saudi-Russia spat triggered his sell. The pipeline shortage was another factor. CNQ has recovered a bit though.
BUY
BUY
July 27, 2020

Exxon Mobil (XOM)? Near-term, he's cautious about the energy sector. XOM has a broad base of assets and pays a high 8% dividend, but is underperforming the S&P. XOM has been struggling as a stock. He prefers a company outperforming peers, such as CNQ. CNQ pays a 6.8% dividend. It's had rising relative strength since the market bottomed, from $6.50 to $8.50 today. CNQ has made most of the investments they need for coming years, so CNQ has become a cash-flow vehicle.

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Exxon Mobil (XOM)? Near-term, he's cautious about the energy sector. XOM has a broad base of assets and pays a high 8% dividend, but is underperforming the S&P. XOM has been struggling as a stock. He prefers a company outperforming peers, such as CNQ. CNQ pays a 6.8% dividend. It's had rising relative strength since the market bottomed, from $6.50 to $8.50 today. CNQ has made most of the investments they need for coming years, so CNQ has become a cash-flow vehicle.

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.
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Canadian Natural Rsrcs(CNQ-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 16

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 6

Total Signals / Votes : 23

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, 23 stock analysts published opinions about CNQ-T. 16 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. 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 2020-12-11. 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?

23 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 2021-01-22, Canadian Natural Rsrcs (CNQ-T) stock closed at a price of $30.89.