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Weekly 52-Week Low (or 52-Week High): TFII-T, CCO-T, NPK-T, MTY-T and More 52-Week Highs and Lows (Apr 10-16)Markets sink on Middle East tensions and strong U.S. dataStocks sink for the day and weekThis summary was created by AI, based on 72 opinions in the last 12 months.
Canadian Natural Rsrcs (CNQ-T) is a well-managed, large-cap energy company with quality assets and a strong balance sheet. Experts are bullish on the company's ability to generate free cash flow and return capital to shareholders. The stock has a steady dividend yield and is viewed as a core holding in the energy sector.
No qualms with buying. Kryptonite to unwind rally would be a reversal in price of oil. Oil is at a 52-week high, and this stock tends to trade in lockstep with it. Above-peer-quality assets, management, capital allocation, return to shareholders, and financial strength. If own, hold. If not, and you believe in the oil rally, buy on dip. Quality compounder.
Good management, executes incredibly well. Shareholder-friendly moves. Ability to make acquisitions in tough times. Oil can creep up from here. Look for a pullback, or buy 1/2 a position now and the rest later. Very stable. Yield close to 4%.
A Top 10 holding. Suits all portfolios. Close to a 5% dividend, growing at north of 20%. Committed to returning all free cashflow to investors. High quality, very well managed. If he'd been allowed, he'd have used it as a Top Pick again today.
Oil was underpriced, but geopolitical risk and a warmer economy have helped raise prices. Oil is breaking out. CNQ already has. You need energy in your portfolio.
The question was on his preference re Canadian Natural Resources or TC Energy. TRP has a lot of debt and it's hard to build a pipeline. CNQ has driven down debt. It will sit at a lower level of around $10 billion and return excess money to shareholders.
Two different companies. CPX is a utility, with better income distribution and lower growth. CNQ has a nice dividend, but with better growth. What are you looking for? For income, pick CPX. For growth, pick CNQ.
At current levels, he'd stick with CPX for the dividend and potential upside. More potential for upside growth, less potential for downside risk.
Large-cap oil will continue to do well. Using capital in shareholder-friendly ways by increasing dividend, paying down debt, and buying back shares. Believes in buying Canadian oil/gas.
They've been shooting the lights out lately. He's very bullish energy stock. He picked up quality names like this and Cenovus when oil fell below $70. WCS prices will narrow the gap with WTI when the Transmountain pipeline kicks into full gear in Q2.
Very string company. Excellent earnings in 2023. Very strong management team. Debt levels falling - have pledged 75-100% return of cash flow to investors. Strong oil prices very good for business. Expecting higher dividends going forward. Oil sands asset very long life that doesn't require exploration costs. Overall a very great business.
Very good operations. High quality. Well managed. Results can sometimes be volatile due to cyclicality. Impressive free cashflow. Price of energy should remain high due to China reopening plus geopolitical events. Paying down debt. Dividend and buybacks. Fundamentals are strong, but at all-time high. Try SU instead. Impressive yield around 4.5%.
Broke out from the old lid, consolidating. Not zooming for the moon, but the pattern is that it's not breaking down. If oil moves as he thinks it will between now and May/June, this will probably be one of the leaders, as it's been one of the leaders in a rather crummy market for oil stocks. Yield is 4.52%.
(Analysts’ price target is $95.87)They grow by buying companies, but not doing that now. It's a steady producer. They've raised their dividend 23 years in a row, and have a reserve life index of 32 years, so they can take their time. They will mee their debt target and return capital to shareholders. CNQ holds up well even if the oil price declines.
Excellent management team with very strong track record of capital allocation. Long dates assets give investors lots of opportunities. Energy demand will continue with rise in demand for oil and gas. Currently no alternative to oil and gas - will result in high profits.
Not always a 1:1 tracking with the commodity price. Sometimes investor appetite for a name. Great name. Pricey compared to peers. He'd favour TOU or SU for its valuation. Oil will have its day, and CNQ will be fine. Don't worry.
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
In the last year, 58 stock analysts published opinions about CNQ-T. 47 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canadian Natural Rsrcs.
Canadian Natural Rsrcs was recommended as a Top Pick by on . 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 help on deciding if you should buy, sell or hold the stock.
58 stock analysts on Stockchase covered Canadian Natural Rsrcs In the last year. It is a trending stock that is worth watching.
On 2024-04-23, Canadian Natural Rsrcs (CNQ-T) stock closed at a price of $105.26.
There's great demand for heavy oil due to OPEC's cuts and Mexico will export less. A phenomenal company. Excellent managers who own a lot of shares. It trades near fair value, so actually sell some shares. This will become a source of funds.