CNQ TOR Week ended 07 Aug 2026

Weekly Investor Report

Canadian Natural Resources Limited · Energy · Oil & Gas E&P

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Latest close 63.45 CAD
-5.0% latest week
Weekly setup

Constructive, but selective

The weekly trend is active. Price is 4.8% above the Trend Line and sits at 76.3% of its 52-week range. The latest completed week returned -5.0%, after a 7.4% four-week move. The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is neither clearly cheap nor expensive. The latest news-sentiment score is 47/100. Near-term considerations: volume confirmation is below normal.

Setup score 64 out of 100
Latest Close 63.45 CAD 7 Aug 2026
1W Return -5.0% latest completed week
4W Return 7.4% short-term follow-through
12W Return -3.0% quarterly tape
Trend Breadth 100.0% 52 of 52 weeks active
Volume Ratio 0.7x vs 13-week average
What is working
  • The trend backdrop is active with a 57-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Price is above Fair Value, showing premium demand versus the model.
  • Next-week expectancy is positive at 56.15% based on similar historical setup states.
What could go wrong
  • Activity pressure is negative, which weakens the current setup.
  • 4 reversal markers appear in the recent smart-money tape.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through -5.0% Latest completed week; four-week move 7.4%. Indicator stack 100/55 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. Next-Week Expectancy Positive 56.15% Historical one-week expectancy contributes to the evidence score when direction is confirmed. News sentiment 47/100 35 relevant articles in the latest sentiment read.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is active. Price is 4.8% above the Trend Line and sits at 76.3% of its 52-week range. The latest completed week returned -5.0%, after a 7.4% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 0.7x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul 31 Jul 7 Aug
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.6012-week average 0.72

12-week confirmation

Trend active12/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure0/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership10/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.60Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers44 reversal markers

No recent accumulation markers. 4 reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is 7.4% over four weeks, -3.0% over 12 weeks, and 57.6% over one year. The current trend has remained active for 57 consecutive weeks.

Performance by holding period

1W-5.0%
4W7.4%
12W-3.0%
26W19.9%
52W57.6%
Active trend streak57 weeks
Active weeks in one year52
Trend breadth100.0%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure-0.12Latest activity-pressure read.
Pressure change88.2%Four-week change in activity pressure.
Leadership6.44Latest relative-leadership reading.
RS change74.8%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is neither clearly cheap nor expensive.

Open full factor analysis
Factor week 09 Aug 2026 Financial statements through 31 Mar 2026 Field coverage 91% Model confidence 85%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength88/100Blend of value, momentum, and quality. Underlying universe rank 13; rank 1 is best.
Value68/100Relative valuation strength. Underlying universe rank 33; rank 1 is best.
Quality75/100Profitability and accounting quality. Underlying universe rank 26; rank 1 is best.
Momentum77/100Medium-term price momentum. Underlying universe rank 24; rank 1 is best.
Growth79/100Revenue and earnings growth. Underlying universe rank 22; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Value-quality framework38/100Value and quality alignment from the Sharemaestro SVQF framework.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
13.5x
Price divided by trailing earnings.
Price / sales
3.0x
Market value relative to trailing revenue.
EV / EBITDA
6.6x
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
4.5%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
21.5%
Gross profit retained from each unit of revenue.
Operating margin
17.3%
Operating profit retained from revenue.
Free-cash-flow margin
15.0%
Free cash flow generated from revenue.
Return on invested capital
9.4%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
6.4%
Latest one-year revenue growth.
EPS growth
79.0%
Latest one-year earnings-per-share growth.
Free-cash-flow growth
3.9%
Latest one-year free-cash-flow growth.
Piotroski F-score
7/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
3.8%
Cash dividends relative to market value.
Buyback yield
0.6%
Net share repurchases relative to market value.
Shareholder yield
4.5%
Dividend yield plus net buyback yield.
Net debt / EBITDA
0.7x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Insider activity-

No recent insider transactions are stored for this company.

News sentiment47/100

Weighted news tone is neutral across 35 relevant articles.

5 positive · 25 neutral · 5 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-10.6%Distance below the 52-week high.
13-week volatility4.8%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher17 of 269 weeks finished lower.
Best week+8.5%Week of 15 May.
Worst week-8.3%Week of 17 Apr.
Latest week-5.0%Week of 7 Aug.

Shape of recent returns

Strong gains7
Modest gains10
Flat weeks0
Modest losses3
Sharp losses6
Recent vol4.8%13-week weekly-return volatility.
Base vol4.1%52-week weekly-return volatility.
Up/down split34/18Count of positive and negative weeks in the 52-week window.
Average skew3.5% / -3.9%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape67/100

Trend, activity pressure, participation, and risk combine to a 67/100 tape read.

 Indicator analysis52/100

Latest 12-week confirmation: trend 12/12, activity pressure 0/12, relative leadership 10/12.

Activity pressure 0.60; 4 reversal markers Next-Week ExpectancyPositive 56.15%

Next-week expectancy is positive with a 56.15% historical one-week setup read.

Adds short-term historical context without overriding trend, activity, or relative leadership. Factors77/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 30 SVQF38/100

Value and quality alignment from the Sharemaestro SVQF framework.

Composite rank 188.0 of 304 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Sentiment47/100

Weighted news tone is neutral across 35 relevant articles.

Canadian Natural raises full-year production outlook after big bump in Q2 output (CNQ:NYSE) Insiders50/100

No recent insider transaction evidence is stored.

 Earnings50/100

No stored earnings event is currently attached to this ticker.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
7 Aug 202663.45 CAD-5.0%60.52 CAD45.70 CAD-0.126.4426.8MOn
31 Jul 202666.78 CAD2.0%59.88 CAD45.52 CAD-0.1916.1030.2MOn
24 Jul 202665.48 CAD6.6%59.21 CAD45.33 CAD-0.5413.8729.7MOn
17 Jul 202661.42 CAD3.9%58.51 CAD45.13 CAD-0.857.5661.9MOn
10 Jul 202659.10 CAD4.3%57.92 CAD44.95 CAD-1.003.68108.7MOn
3 Jul 202656.68 CAD1.2%57.45 CAD44.79 CAD-1.08-0.274.7MOn
26 Jun 202656.02 CAD-3.5%57.12 CAD44.63 CAD-0.98-0.6318.9MOn
19 Jun 202658.04 CAD-7.5%56.80 CAD44.48 CAD-0.843.0412.6MOn
12 Jun 202662.73 CAD-0.6%56.40 CAD44.31 CAD-0.6411.4411.8MOn
5 Jun 202663.09 CAD1.7%55.84 CAD44.11 CAD-0.5213.9515.2MOn
29 May 202662.04 CAD-6.8%55.19 CAD43.91 CAD-0.4811.2867.7MOn
22 May 202666.53 CAD1.8%54.58 CAD43.73 CAD-0.3620.7553.0MOn
15 May 202665.38 CAD8.5%53.79 CAD43.51 CAD-0.3221.4428.0MOn
8 May 202660.25 CAD-4.7%52.99 CAD43.31 CAD-0.1711.5838.8MOn
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.

Evidence context