CNQ · NYSE · STOCK
Canadian Natural Resources Limited
$47.61
52W $29.30 – $51.34
68/100
$99.30B
11.7
0.88
Is CNQ Bullish or Bearish?
Mixed.
Innellis AI committee rates Canadian Natural Resources Limited (CNQ) Insufficient Data with a composite score of 68/100
, based on 3 analysts with 100% agreement.
Last updated August 11, 2026.
What Would Change This View
No threshold can be published for CNQ. The committee has not produced a scored recommendation, so there is no line for it to cross. Innellis does not infer one.
Executive Summary
The primary driver is vix regime is low -- calm backdrop supports risk-taking. The main limiting factor is 2 existing position pair(s) are highly correlated already. The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- Price structure making higher highs and higher lows — Technical
- MACD histogram positive -- bullish momentum — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
- VIX regime is low -- calm backdrop supports risk-taking — Macro
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- News sentiment is positive (+0.20 across 21 articles, 14d) — News
Bear Case
- Price structure (LH_LL) contradicts the uptrend -- mixed signals — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 11, 2026
Overall Committee Score
68/100
Agreement
100%
Analysts
3
Conviction
Low Data
Sector Rank
Top 15%
of 90 Energy peers
Technical Analyst
bullish
63
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
− Price structure (LH_LL) contradicts the uptrend -- mixed signals
Macro Analyst
bullish
78
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 21 articles, 14d)
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 2 existing position pair(s) are highly correlated already
Technical Analysis
RSI (14)
65.6
Neutral
MACD Histogram
0.093
Bullish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Lh Ll
Support
$42.12
Resistance
$49.73
Bollinger %B
0.84
Inside Bands
Price vs Moving Averages
EMA 9
$46.32
Above
EMA 21
$45.41
Above
EMA 50
$44.68
Above
EMA 200
$41.47
Above
Fundamental Analysis
Valuation
93
Profitability
84
Financial Health
58
Cash Flow
70
Valuation
P/E Ratio
11.7×
P/B Ratio
2.94×
PEG Ratio
0.27
Dividend Yield
3.66%
52W High
$51.34
52W Low
$29.30
Quality & Growth
ROE
2440.8%
ROA
1179.2%
Gross Margin
3504.4%
Operating Margin
3225.1%
Revenue Growth YoY
—
Debt / Equity
0.37
AI Fundamental Assessment
[reduced confidence: limited earnings history] P/E ratio of 11.7 (inexpensive relative to a 15-40x range); Price-to-book of 2.9x; PEG ratio of 0.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 24.4%; Return on assets of 11.8%; Net margin of 24.9%; Gross margin of 35.0%; Current ratio of 1.00 (tight short-term liquidity); Debt-to-equity of 0.37; Free cash flow per share is positive (4.69); Earnings-history trend unavailable; growth based on TTM year-over-year only.
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