Canadian Natural Resources is reaffirmed as a Strong Buy, driven by robust free cash flow, resilient assets, and a disciplined capital allocation strategy. Recent acquisitions, notably the AOSP swap with Shell, enhance CNQ's production profile and operational integration, supporting long-term value creation and dividend sustainability. Macro tailwinds include Canada's "Grand Bargain" agreement on emissions, improved industry competitiveness, and strategic exposure to international pricing.
I am upgrading Canadian Natural Resources to 'Strong Buy' as Q3 record production meets surging Asian demand via the TMX pipeline. Geopolitical tensions and sanctions are allowing Canadian oil to displace Russian and US barrels in China. CNQ's technical analysis signals a breakout, supporting a 20–30% upside potential.
CNQ, CVX and KMI offer yields over 4% and stable cash flow - key strengths in a bearish oil market heading into 2026.
Here is how Canadian Natural Resources (CNQ) and Natural Gas Services (NGS) have performed compared to their sector so far this year.
CNQ's 25-year dividend growth streak and disciplined capital allocation show how steady payouts and cost control fuel long-term shareholder strength.
CNQ controls the longest-life, lowest-decline assets in North America, turning oil sands into a structural cash-flow advantage. Breakeven just above $40/bbl, record efficiency gains, and almost no leverage make CNQ one of the safest upstream bets. With 25 years of 21% dividend growth and a cheap valuation, CNQ offers rare upside if oil prices firm up.
CNQ's fresh 52-week high spotlights record production, strong cash flow and disciplined returns fueling its momentum.
Stocks like TTWO, GMED, ROK, CNQ and VICI stand out with strong sales growth expectations despite market uncertainty.
Here is how Canadian Natural Resources (CNQ) and Ultrapar Participacoes S.A. (UGP) have performed compared to their sector so far this year.
CNQ's vast oil sands mining and upgrading assets showcase long-life scale and steady output, delivering stability, efficiency and lasting value.
Canadian Natural Resources offers a 5.3% dividend yield, nearly five times that of the S&P 500, and trades at a discounted valuation. CNQ's diversified, long-life asset base, recent accretive acquisitions, and robust production growth drive strong cash flows and shareholder returns. The company maintains a BBB+ credit rating, low leverage, and a 25-year dividend growth streak, supporting income and value investors.
CNQ posts a Q3 earnings beat on higher output and revenue gains, while rising expenses and lower oil prices weigh on profit.