CNQ

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What are your thoughts at these levels? Also a POV in the short and long term.

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Asked on April 8, 2025 9:05 am
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Solid opportunity at these levels in my opinion. Canadian Natural's break even price point is in the mid $40 range in terms of WTI, so it should be able to survive whatever harsh economic situation we face in light of what is going on.

During recessions, whether it be economic or simply bear oil markets, you will want to hold industry leaders. I believe Canadian Natural is one of those.

That said, over the short-term, I do expect some weakness in terms of price, especially with what is going on. If we were to hit a recession because of tariffs (which are delayed 90 days now but who knows what will happen in 90 days time) I expect the price of oil to continue to face some pressure.

I believe the next bit here will be a strong time to add a producer at attractive prices.

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Posted by Dan Kent
Answered on April 10, 2025 8:07 am