CANADIAN NATURAL RESOURCES LIMITED
In the published model solve dated 2026-Q2, anchored at $50.46, CANADIAN NATURAL RESOURCES LIMITED (CNQ) is priced for -0.9% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Thirty one years of proved reserve life, with roughly 73% of those reserves classified as long life low decline, is the asset behind this company, and about half of proved reserves sit in zero decline mining and upgrading operations [Source: 2025 fourth quarter and year end results release, March 2026]. • The price embeds a roughly 4% annual decline in operating profit over the next five years, so the risk is not that the company shrinks but that oil prices fall faster than the market has alre
Is CNQ overvalued? See what's priced in →
717 institutional managers reported holding CNQ in 13F filings for the quarter ended 2026-03-31. Together they hold about 75% of the company; the top 10 hold 43%. 125 opened new positions that quarter. Held by Capital Group (American Funds), Vanguard Group, FMR (Fidelity), among others. On the short side, 112.6M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (15 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CNQ has cut its share count 13.3% over the past five years. It pays a dividend, and has paid one every year in our records (11 and counting), raised 2 years straight. Cash returned over the past three years: $9.70B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.