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Canadian Natural Resources Limited: An Undervalued Energy Stock to Buy, Say Hedge Funds

December 19, 2024
Canadian Natural Resources Limited (CNQ) has caught the attention of hedge funds as one of the best undervalued energy stocks to invest in. With recent news of Franklin Resources Inc. reducing its holdings in CNQ, the stock has further piqued the interest of investors. Despite this, the company remains heavily dominated by institutional owners who hold a 76% stake in CNQ shares. This suggests strong investor confidence and stability within the company. To stay updated on the movement of CNQ stocks, professionals at Stocks Prognosis recommend seeking their expert guidance.

Find out how the CANADIAN NATURAL RESOURCES LIMITED rate is expected to change

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Investor opinions & comments:

I'm wary of investing in the energy sector right now, especially with the ongoing volatility in oil prices. I'll need more convincing evidence that CNQ is a good investment before considering it
— from BrianMartin at 12-22-2024 13:00
I'm glad to see CNQ getting some recognition as an undervalued energy stock. I've been holding onto my shares and now I'm more confident in their future prospects. Exciting times ahead for CNQ shareholders!
— from WealthyWalter at 12-22-2024 11:09
I've been a long-time investor in CNQ and it's reassuring to know that hedge funds see it as an undervalued stock. I believe in the company's long-term prospects and am not concerned with the recent reduction in holdings by Franklin Resources Inc
— from DividendDylan at 12-22-2024 05:00
I've been following CNQ for a while now and I believe it has strong potential. The fact that institutional investors dominate the ownership suggests stability and confidence in the company. I'm bullish on CNQ
— from NoraJenkins at 12-22-2024 04:02
I'm skeptical about the reliability of hedge funds' recommendations. They have their own interests and may not always have the best track record. I'll do my own analysis of CNQ before making any investment decisions
— from MarketMatt at 12-21-2024 09:36
This is great news! I've been looking to invest in an undervalued energy stock, and CNQ seems like a promising option. I'll definitely look into it further
— from InvestorIvory at 12-21-2024 00:59
I'm not convinced about CNQ being an undervalued energy stock. The reduction in holdings by Franklin Resources Inc. could be a red flag. I'll wait for more information and do my own research before making any investment decisions
— from RiskyRandy at 12-20-2024 14:48
I trust the recommendations from Stocks Prognosis and will certainly seek their guidance on CNQ. This seems like a great opportunity to invest in an undervalued energy stock with potential for growth
— from MarketMason at 12-20-2024 14:08
I've heard about the potential for growth in the energy sector, so I'm intrigued by CNQ as an investment. I'll do some research and see if it aligns with my investment strategy
— from EliWells at 12-20-2024 08:05
This news about CNQ being undervalued is definitely encouraging. I'm optimistic about the future of the energy sector and will consider adding CNQ to my investment portfolio. Thanks for sharing!
— from MoneyMandy at 12-19-2024 17:56
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Other news for CNQ

CNQJune 12, 2025QuantWave Achieves 20.12% Profit Forecast for Canadian Natural Resources Limited  ~1 min.

Canadian Natural Resources Limited has seen a significant price target forecast success, with QuantWave's prediction of a long position hitting the mark on June 12, 2025....

CNQMay 2, 2025Canadian Natural Resources Limited: A Promising Dividend Stock with Low PE Ratio  ~2 min.

Canadian Natural Resources Limited (CNQ) is a leading energy company that has been gaining attention among investors for its impressive growth potential and attractive dividend yield....

CNQApril 8, 2025QuantWave Achieves 16.17% Profit with Successful CANADIAN NATURAL RESOURCES LIMITED Price Target Forecast  ~1 min.

QuantWave, a leading automated forecasting platform, recently celebrated a significant success with its price target forecast for CANADIAN NATURAL RESOURCES LIMITED....

CNQApril 8, 2025QuantWave Successfully Predicts 12.5% Profit on Canadian Natural Resources Limited Stock  ~1 min.

Canadian Natural Resources Limited (Ticker: CNRL) investors were delighted as QuantWave's automated forecasting platform accurately predicted a 12.5% profit opportunity on the stock....

CNQApril 8, 2025QuantWave Achieves 11.42% Profit Target Forecast for Canadian Natural Resources Limited  ~1 min.

QuantWave, a leading automated forecasting platform, successfully predicted a price target forecast for Canadian Natural Resources Limited, resulting in a profit of 11.42%....



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