Is CNQ still worth buying now

**Canadian Natural Resources Ltd. (CNQ) remains a compelling investment**, despite recent fluctuations in its stock price. Here's why: 1. **Strong Financial Performance**: CNQ has demonstrated robust financial health with a net profit margin of 11.97% and a free cash flow of $966.57 million. The company's ability to generate significant profits and cash is a strong indicator of its operational efficiency and financial stability. 2. **Dividend Yield**: CNQ offers a reliable dividend of 4.29%, which is attractive for income-seeking investors. Dividends are an important source of income for many investors, especially in a low-interest-rate environment. 3. **Strategic Positioning**: CNQ's strategy of maintaining a balance between natural gas, heavy crude oil, light crude oil, and synthetic crude oil provides diversification, which can help mitigate commodity price risks. This diversification is crucial in a market where commodity prices can be volatile. 4. **Market Performance**: Despite recent short-term fluctuations, CNQ's stock has shown resilience with a 52-week change of 31.01%. The stock's long-term growth potential remains intact, as evidenced by its 111.77% 3-year change and 168.64% 5-year change. 5. **Analyst Ratings and Price Targets**: The average price target for CNQ over the next 12 months is C$55.92, with a high estimate of C$89.936. This suggests that analysts believe the stock has potential to appreciate from its current price. 6. **Intrinsic Value**: CNQ's intrinsic valuation under different scenarios indicates that the stock may be undervalued or valued appropriately, depending on the bear, base, and bull scenarios. This suggests that the stock could be worth buying at its current price, especially if it is trading below its intrinsic value. 7. **Risk Management**: CNQ uses an Enterprise Risk Management (ERM) framework to identify, assess, and mitigate risks. This proactive approach to risk management helps ensure that the company is well-positioned to navigate uncertain market conditions. In conclusion, CNQ's solid financials, strategic positioning, and potential for growth, coupled with its current valuation, make it a compelling investment opportunity. However, investors should always consider their own risk tolerance and investment goals before making any investment decisions.