Canadian Natural Rsrcs

CNQ-T

TSE:CNQ

27.03
0.20 (0.75%)
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
BUY
BUY
May 23, 2019
A great stock. It does not have up-stream and downstream protection. You can't predict the oil price. Hopefully we get positive news on Trans-Mountain. US investors want some policy changes in Canadian energy before investing here and those changes may happen. It has good risk/reward. There is no debt problem.
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A great stock. It does not have up-stream and downstream protection. You can't predict the oil price. Hopefully we get positive news on Trans-Mountain. US investors want some policy changes in Canadian energy before investing here and those changes may happen. It has good risk/reward. There is no debt problem.
BUY
BUY
May 21, 2019
Fabulous company. Grown dividend 17 years in a row. Natural decline rate is about 12%, extremely low. If you had to buy one Canadian oil and gas and hold it for 5 years, this is the one. Better, and more diversified, than Suncor. Management has tremendous track record. Good long-term hold.
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Fabulous company. Grown dividend 17 years in a row. Natural decline rate is about 12%, extremely low. If you had to buy one Canadian oil and gas and hold it for 5 years, this is the one. Better, and more diversified, than Suncor. Management has tremendous track record. Good long-term hold.
PAST TOP PICK
PAST TOP PICK
May 17, 2019
(A Top Pick May 18/18, Down 21%) A increase in commodity prices has been offset by lack of market access. He does not own any energy stocks currently.
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(A Top Pick May 18/18, Down 21%) A increase in commodity prices has been offset by lack of market access. He does not own any energy stocks currently.
WEAK BUY
WEAK BUY
May 17, 2019
There are no big projects going through and Notley's move to proffer WCS oil price was smart. This is one of the top Canadian oil companies. He's not in this space, but likes CNQ.
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There are no big projects going through and Notley's move to proffer WCS oil price was smart. This is one of the top Canadian oil companies. He's not in this space, but likes CNQ.
BUY
BUY
May 15, 2019
Crude oil is in a secular bear market, and it should top out around $80 in the next three years. He predicts a strong year in 2019, 2020 to be choppy (avoid oil), then it'll pop in 2021, because energy is a late-cycle play. He likes oil now for the next six months. He recommended CNQ this past week to clients. CNQ has had a good uptrend since the start of 2019. This could return to $46. Likes CNQ through December 2019, but be cautious in 2020.
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Crude oil is in a secular bear market, and it should top out around $80 in the next three years. He predicts a strong year in 2019, 2020 to be choppy (avoid oil), then it'll pop in 2021, because energy is a late-cycle play. He likes oil now for the next six months. He recommended CNQ this past week to clients. CNQ has had a good uptrend since the start of 2019. This could return to $46. Likes CNQ through December 2019, but be cautious in 2020.
HOLD
HOLD
May 10, 2019
Energy is tricky with a four year bear market. However, valuations are starting to get cheap enough. He does not own this. One of the largest producers. He just sees better opportunities in the space. (Analysts’ price target is $47.55)
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Energy is tricky with a four year bear market. However, valuations are starting to get cheap enough. He does not own this. One of the largest producers. He just sees better opportunities in the space. (Analysts’ price target is $47.55)
HOLD
HOLD
April 26, 2019
A super-high quality company. They are bidding on the Jackfish assets and maybe the market is afraid they will over pay. Along with Suncor, the only assets in the space that are held by institutional investors. He thinks they will not benefit from a new flush of cash by investors, as they may sell this conservative holding in favour of stocks with more torque. (Analysts’ price target is $47.00)
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A super-high quality company. They are bidding on the Jackfish assets and maybe the market is afraid they will over pay. Along with Suncor, the only assets in the space that are held by institutional investors. He thinks they will not benefit from a new flush of cash by investors, as they may sell this conservative holding in favour of stocks with more torque. (Analysts’ price target is $47.00)
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.
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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.
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$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.
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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.
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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.
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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.
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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
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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.
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(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.
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