Canadian Natural Resources remains a Buy with strong share resilience and upcoming policy support.

Canadian Natural Resources (CNQ) continues to be rated as a Buy, showing share price resilience with only a 3.5% correction compared to a 15% drop in oil prices since April. The investment thesis now relies less on oil price fluctuations and more on expected policy support from Canada's trilateral oil sands memorandum of understanding (MOU) anticipated in November, which could boost growth projects. Additionally, CNQ plans to increase share buybacks from 75% to 100% of free cash flow by mid-2027 or sooner, enhancing shareholder returns. This outlook reflects confidence in CNQ's long-term value beyond just oil price movements.

Canadian Natural Resources (CNQ) trades at USD 47.36 on Pluang as of Sep 29, 2026 11:11 WIB, down 0.11% in the last day. The stock's market cap stands at $97.88 billion with a dividend yield of 3.8%. CNQ's share price remains resilient despite recent oil price drops, reflecting steady investor interest on the platform.