Canadian Natural Resources Limited (CNQ)
ValueMarkers Composite Index
35% below intrinsic value ($52)
Canadian Natural Resources Limited (CNQ) — VMCI valuation read
Canadian Natural Resources Limited (CNQ) carries a VMCI composite of 57/100, 7 points above the Energy sector median of 50. Among mid-cap names, that gap places CNQ in the top third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).
The CNQ insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.
**Investor frame.** Value reads CNQ trades at 26.0x earnings, 44% above the Energy median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Energy 12.0x. Quality: ROIC of 18.0% sits 8.0pp above the Energy median (10.0%). Risk: net debt to EBITDA of 1.2x leaves covenant headroom, the line to track on Canadian Natural Resources Limited's next 10-Q.
CNQ fell 3.8% over the trailing 7 days, with a -10.4% read on a 30-day basis.
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
Related Stocks in Energy
Top peers ranked by VM Score. Compare valuation, quality, and risk metrics across the sector.