Canadian Natural Resources Limi

Here's Why a Hold Strategy Is Apt for Canadian Natural Stock Now

Canadian Natural Resources (CNQ) posted record Q2 2026 production of 1.68 million BOE/d and raised full-year guidance, with strong earnings projections of $4.05 per share for 2026. However, the company faces headwinds from commodity price volatility, a scheduled 35-day Horizon turnaround reducing production by ~29,000 bbl/d, and regulatory delays affecting major growth projects. The stock is rated Zacks Rank #3 (Hold).