Canadian Natural Rsrcs

CNQ-T

Analysis and Opinions about CNQ-T

Signal
Opinion
Expert
BUY
BUY
April 25, 2019
All the stocks have moved, but still negative sentiment around Canadian energy. It's bumped up against $48-49 a number of times, so a strong chance it will get to high 40s or higher. Nice dividend yield, good job de-levering the balance sheet. Core position for him. For energy exposure in a high-quality name, CNQ is at the top of the list.
Show full opinionHide full opinion
All the stocks have moved, but still negative sentiment around Canadian energy. It's bumped up against $48-49 a number of times, so a strong chance it will get to high 40s or higher. Nice dividend yield, good job de-levering the balance sheet. Core position for him. For energy exposure in a high-quality name, CNQ is at the top of the list.
DON'T BUY
DON'T BUY
April 22, 2019
$42.55 is his target price. This is trading at the top of his value zone. He sees better value in Suncor. Current earnings don't justify the stock price.
Show full opinionHide full opinion
$42.55 is his target price. This is trading at the top of his value zone. He sees better value in Suncor. Current earnings don't justify the stock price.
COMMENT
COMMENT
April 18, 2019
CNQ vs. SU Suncor has higher dividend. Both big in oil sands. Both generate free cash flow. Suncor's said it will raise dividend and buy back stock. CNQ is also buying back. Suncor performance is much better. Until we get through October federally, and egress gets resolved, foreigners will stay away from Canada.
Show full opinionHide full opinion
CNQ vs. SU Suncor has higher dividend. Both big in oil sands. Both generate free cash flow. Suncor's said it will raise dividend and buy back stock. CNQ is also buying back. Suncor performance is much better. Until we get through October federally, and egress gets resolved, foreigners will stay away from Canada.
HOLD
HOLD
April 15, 2019
There were some short term indicators for selling that came on, so he is looking for a pause here. There is no resistance until $44.
Show full opinionHide full opinion
There were some short term indicators for selling that came on, so he is looking for a pause here. There is no resistance until $44.
WEAK BUY
WEAK BUY
April 11, 2019
CNQ vs. Suncor Owns and prefers Suncor because of its downstream integration. CNQ though looks interesting now as it flirts with its 200-day moving average. Valuation is low at P/B and pays a 3.9% yield, which is high in this sector. The stock is discounted for CNQ. The major risk is that it's a pure play on WCS. Otherwise, a great company.
Show full opinionHide full opinion
CNQ vs. Suncor Owns and prefers Suncor because of its downstream integration. CNQ though looks interesting now as it flirts with its 200-day moving average. Valuation is low at P/B and pays a 3.9% yield, which is high in this sector. The stock is discounted for CNQ. The major risk is that it's a pure play on WCS. Otherwise, a great company.
BUY
BUY
April 9, 2019
The best Canadian oil company and they have integrated purchases well. He's long owned this. The problem is that Canadian oil stocks have lagged the oil price, but CNQ will still benefit from this rising price.
Show full opinionHide full opinion
The best Canadian oil company and they have integrated purchases well. He's long owned this. The problem is that Canadian oil stocks have lagged the oil price, but CNQ will still benefit from this rising price.
BUY
BUY
March 25, 2019
This and Suncor are his top picks in this space. They have upstream, midstream and downstream to create revenue, which distinguishes them from a lot of oil producers. CNQ pays a bit of a dividend and is well-capitalized. Well-run
Show full opinionHide full opinion
This and Suncor are his top picks in this space. They have upstream, midstream and downstream to create revenue, which distinguishes them from a lot of oil producers. CNQ pays a bit of a dividend and is well-capitalized. Well-run
PAST TOP PICK
PAST TOP PICK
March 18, 2019
(A Top Pick May 18/18, Down 21%) There are concerns about restriction in western Canada about how much you can ship. There is seasonality to Nat Gas stocks and so there should be a pick-up in CNQ-T because of that. He sold last October.
Show full opinionHide full opinion
(A Top Pick May 18/18, Down 21%) There are concerns about restriction in western Canada about how much you can ship. There is seasonality to Nat Gas stocks and so there should be a pick-up in CNQ-T because of that. He sold last October.
COMMENT
COMMENT
March 18, 2019
They just raised their dividend by 12%. They beat cash flow per share and production. They are buying back shares agressively. Pays a safe dividend at 69% payout. He sees 2% production growth. Okay balance sheet. The only thing to not like is oil itself. Not enough railroads in Canada. Norway has announced it is selling its oil stocks (many no Canadian stocks are on their list). So, how big a position do you want in oil? Do you want to own oil forever anymore?
Show full opinionHide full opinion
They just raised their dividend by 12%. They beat cash flow per share and production. They are buying back shares agressively. Pays a safe dividend at 69% payout. He sees 2% production growth. Okay balance sheet. The only thing to not like is oil itself. Not enough railroads in Canada. Norway has announced it is selling its oil stocks (many no Canadian stocks are on their list). So, how big a position do you want in oil? Do you want to own oil forever anymore?
WEAK BUY
WEAK BUY
March 6, 2019
Owned it for a long time until he exited oil two years ago. This is a bet on the oil complex working, which he expects to eventually in 2020. It's a high-quality company with a safe dividend.
Show full opinionHide full opinion
Owned it for a long time until he exited oil two years ago. This is a bet on the oil complex working, which he expects to eventually in 2020. It's a high-quality company with a safe dividend.
PAST TOP PICK
PAST TOP PICK
February 27, 2019
(A Top Pick Mar 12/18, Up 1%) They have great free cash flow and it remains a Top Pick for him.
Show full opinionHide full opinion
(A Top Pick Mar 12/18, Up 1%) They have great free cash flow and it remains a Top Pick for him.
TOP PICK
TOP PICK
February 27, 2019
Their capex spending is largely behind them now and they should become a cash flow producing machine. Analysts are saying the decline rates in new US Permian production exceed 30% per annum, making CNQ long life reserves (of 50 years) more valuable. He expects another dividend increase next week. He hopes they don't step out to buy the Devon Jackfish assets. Yield 3.54% (Analysts’ price target is $45.03)
Show full opinionHide full opinion
Their capex spending is largely behind them now and they should become a cash flow producing machine. Analysts are saying the decline rates in new US Permian production exceed 30% per annum, making CNQ long life reserves (of 50 years) more valuable. He expects another dividend increase next week. He hopes they don't step out to buy the Devon Jackfish assets. Yield 3.54% (Analysts’ price target is $45.03)
DON'T BUY
DON'T BUY
February 11, 2019
It is the best of the Canadian oil stocks in terms of safety and size. They have got into upgrading and refining of oil in the last few years. This is a great way to play energy but he is not enamored with the industry right now. (Analysts’ price target is $45.00)
Show full opinionHide full opinion
It is the best of the Canadian oil stocks in terms of safety and size. They have got into upgrading and refining of oil in the last few years. This is a great way to play energy but he is not enamored with the industry right now. (Analysts’ price target is $45.00)
BUY
BUY
February 4, 2019
He just bought last week. He really likes this name. Seasonality is just kicking in now. He wants to see these energy names really start to accelerate. It is a seasonal trade. It will run into resistance at $40 at the end of the spring. (Analysts’ price target is $45.00)
Show full opinionHide full opinion
He just bought last week. He really likes this name. Seasonality is just kicking in now. He wants to see these energy names really start to accelerate. It is a seasonal trade. It will run into resistance at $40 at the end of the spring. (Analysts’ price target is $45.00)
PAST TOP PICK
PAST TOP PICK
January 30, 2019
(A Top Pick Mar 26/18, Down 4%) A lean and mean operation. He believes in it. It comes down to oil prices, which have fallen. But he expects oil to rise in the next 12-18 months and CNQ will benefit.
Show full opinionHide full opinion
(A Top Pick Mar 26/18, Down 4%) A lean and mean operation. He believes in it. It comes down to oil prices, which have fallen. But he expects oil to rise in the next 12-18 months and CNQ will benefit.
BUY WEAKNESS
BUY WEAKNESS
January 24, 2019
It got down t $30. If it goes back down below $32 he would get it.
Show full opinionHide full opinion
It got down t $30. If it goes back down below $32 he would get it.
DON'T BUY
DON'T BUY
January 22, 2019
Oil was down today, and so did CNQ. They won't run out of their product, oil, but they're at the mercy of the price of oil which they can't control. He owns zero Canadian energy.
Show full opinionHide full opinion
Oil was down today, and so did CNQ. They won't run out of their product, oil, but they're at the mercy of the price of oil which they can't control. He owns zero Canadian energy.
WEAK BUY
WEAK BUY
January 21, 2019
FTS-T vs. CNQ-T. FTS-T is a yielding situation with a big a growth. CNQ-T is one of the best oil and gas companies in Western Canada. They are both viable.
Show full opinionHide full opinion
FTS-T vs. CNQ-T. FTS-T is a yielding situation with a big a growth. CNQ-T is one of the best oil and gas companies in Western Canada. They are both viable.
DON'T BUY
DON'T BUY
December 17, 2018
They are bringing on more production, but don't have marketing and refinement. This and SU-T are the two large caps everyone runs to when they want to own energy. He thinks you need egress issues resolved before investing.
Show full opinionHide full opinion
They are bringing on more production, but don't have marketing and refinement. This and SU-T are the two large caps everyone runs to when they want to own energy. He thinks you need egress issues resolved before investing.
COMMENT
COMMENT
December 13, 2018
CNQ-T vs. SU-T. It depends on your appetite for volatility and your expectations for returns. CNQ-T is a bet on oil. SU-T is more defensive but with less upside if you get the timing right on the price of oil. SU-T has a good opportunity to step in.
Show full opinionHide full opinion
CNQ-T vs. SU-T. It depends on your appetite for volatility and your expectations for returns. CNQ-T is a bet on oil. SU-T is more defensive but with less upside if you get the timing right on the price of oil. SU-T has a good opportunity to step in.
COMMENT
COMMENT
December 13, 2018
One of the best operators in Canada. As long as the price of crude is above $60 is going to be fine. Canada has a severe problem. We are not a country, we are a bunch of people with different interests. We can't build things. The energy business is a tough business. A quality company. Generates huge free cash flow. He prefers Cenovus Energy (CVE-T) that has more leverage and as it has a cheaper valuation. It could be a potential target for CNQ to buy at about a 30% premium.
Show full opinionHide full opinion
One of the best operators in Canada. As long as the price of crude is above $60 is going to be fine. Canada has a severe problem. We are not a country, we are a bunch of people with different interests. We can't build things. The energy business is a tough business. A quality company. Generates huge free cash flow. He prefers Cenovus Energy (CVE-T) that has more leverage and as it has a cheaper valuation. It could be a potential target for CNQ to buy at about a 30% premium.
TOP PICK
TOP PICK
December 10, 2018
One of the best producers in this sector. They'll weather the financial storm and pay you a 3.8% dividend to wait. They can moderate their capex to a degree that other companies can't. They can scale back their capex or build it up. Flexibile. Resilient. (Analysts’ price target is $51.28)
Show full opinionHide full opinion
One of the best producers in this sector. They'll weather the financial storm and pay you a 3.8% dividend to wait. They can moderate their capex to a degree that other companies can't. They can scale back their capex or build it up. Flexibile. Resilient. (Analysts’ price target is $51.28)
COMMENT
COMMENT
November 21, 2018
Their Q3 beat the street and they're buying back shares. Bad news is they're lowering production--flat growth in coming years. Debt-to-cash flow is 2.3x which is fine. Dividend safe. But if WTI keeps falling, it'll hurt CNQ. Oil prices are manipulated by OPEC, Russia and Trump. CNQ is great at $60-70 WTI.
Show full opinionHide full opinion
Their Q3 beat the street and they're buying back shares. Bad news is they're lowering production--flat growth in coming years. Debt-to-cash flow is 2.3x which is fine. Dividend safe. But if WTI keeps falling, it'll hurt CNQ. Oil prices are manipulated by OPEC, Russia and Trump. CNQ is great at $60-70 WTI.
BUY
BUY
November 14, 2018
If you want more oilsands, less debt and more valuation, go with Suncor. CNQ is less oilsands, slightly more debt, and slightly less valuation. Both are on watch list. They will have tremendous free cash flows in the coming years as the oil differentials tighten. Both are low cost operators. Both are good buys, but would slightly prefer CNQ.
Show full opinionHide full opinion
If you want more oilsands, less debt and more valuation, go with Suncor. CNQ is less oilsands, slightly more debt, and slightly less valuation. Both are on watch list. They will have tremendous free cash flows in the coming years as the oil differentials tighten. Both are low cost operators. Both are good buys, but would slightly prefer CNQ.
DON'T BUY
DON'T BUY
November 2, 2018
He remains negative on the Canadian oil space. He has a model price of $51.14 and hopes this price level holds, but expects further downside that could reach towards $29.30. WCS is netting only $17 US per barrel.
Show full opinionHide full opinion
He remains negative on the Canadian oil space. He has a model price of $51.14 and hopes this price level holds, but expects further downside that could reach towards $29.30. WCS is netting only $17 US per barrel.
HOLD
HOLD
October 18, 2018

Energy is a big long-term cyclical. He is not bullish on energy long-term with a lot of new potential supply. One of the better companies and it is fine to hold. One of the most secure holdings in the sector with a good track record.

Show full opinionHide full opinion

Energy is a big long-term cyclical. He is not bullish on energy long-term with a lot of new potential supply. One of the better companies and it is fine to hold. One of the most secure holdings in the sector with a good track record.

DON'T BUY
DON'T BUY
October 16, 2018

His favourite Canadian oil producer, but he sold all his oil producers six months ago, because Canadians can't get world prices for oil. He bought U.S. producers instead, because they get that world price. Canadians have failed to
build pipelines. There will come a time when we will have pipelines, but that time looks far off.

Show full opinionHide full opinion

His favourite Canadian oil producer, but he sold all his oil producers six months ago, because Canadians can't get world prices for oil. He bought U.S. producers instead, because they get that world price. Canadians have failed to
build pipelines. There will come a time when we will have pipelines, but that time looks far off.

SELL
SELL
October 11, 2018

He sold a month ago because it declined below moving averages. The spread between heavy and light oil is significant, as is Canadian oil prices vs. world prices. It is a challenge for a lot of Canadian oil and gas companies.

Show full opinionHide full opinion

He sold a month ago because it declined below moving averages. The spread between heavy and light oil is significant, as is Canadian oil prices vs. world prices. It is a challenge for a lot of Canadian oil and gas companies.

PAST TOP PICK
PAST TOP PICK
October 5, 2018

(A Top Pick June 14/17 Up 17%) He thinks this will easily get back to $55 per share. The company is pushing out $5 billion in cash flow per year now. It is now over 1 million barrels per day in production and is already targeting 1.3 million per day. They could be one of only 2 or 3 companies who might dominate the space.

Show full opinionHide full opinion

(A Top Pick June 14/17 Up 17%) He thinks this will easily get back to $55 per share. The company is pushing out $5 billion in cash flow per year now. It is now over 1 million barrels per day in production and is already targeting 1.3 million per day. They could be one of only 2 or 3 companies who might dominate the space.

TOP PICK
TOP PICK
September 26, 2018

He expects heavy oil differentials will normalize soon. This company is building a free cash flow machine as costs are falling and revenue is increasing. Yield 3.1%. (Analysts’ price target is 57.34)

Show full opinionHide full opinion

He expects heavy oil differentials will normalize soon. This company is building a free cash flow machine as costs are falling and revenue is increasing. Yield 3.1%. (Analysts’ price target is 57.34)

Showing 61 to 90 of 1,361 entries