CNQ Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: Despite current volatility, CNQ's robust reserves and forward-looking growth strategies support continued dividend increases and potential stock appreciation.




Bearish Case: High implied volatility and recent price corrections underscore overvaluation risks. Sector volatility and environmental pressures could hinder long-term growth.




Potential Outcomes:
  • 45% chance of modest growth driven by dividend support and operational efficiency.
  • 35% potential for stagnation amid sector challenges and market volatility.
  • 20% likelihood of a price correction due to overvaluation and geopolitical factors.



May 15, 2025


Canadian Natural Resources Forecast

CNQ        Canadian Natural Resources











Correlated Assets

Assets that tend to move strongly with CNQ



MUR Forecast + Options Trading Strategies   MUR  Murphy Oil (0.92)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.91)


STNG Forecast + Options Trading Strategies   STNG  Scorpio Tankers (0.91)


AMD Forecast + Options Trading Strategies   AMD  Advanced Micro Devices (0.91)


AEO Forecast + Options Trading Strategies   AEO  American Eagle Outfitters (0.91)



Uncorrelated Assets

Assets with little price relationship to CNQ



UNH Forecast + Options Trading Strategies   UNH  Unitedhealth (-0.0)


MNSO Forecast + Options Trading Strategies   MNSO  MINISO Group Holding Ltd (-0.02)


RMBS Forecast + Options Trading Strategies   RMBS  Rambus (-0.02)


GRBK Forecast + Options Trading Strategies   GRBK  Green Brick (-0.02)


YCL Forecast + Options Trading Strategies   YCL  ProShares Ultra Yen (-0.03)



Anticorrelated Assets

Assets that tend to move strongly against CNQ



PL Forecast + Options Trading Strategies   PL  Planet Labs PBC - (-0.81)


EOSE Forecast + Options Trading Strategies   EOSE  Eos Energy Enterprises (-0.81)


BR Forecast + Options Trading Strategies   BR  Broadridge Financial Solutions (-0.83)


ORI Forecast + Options Trading Strategies   ORI  Old Republic International (-0.83)


LRN Forecast + Options Trading Strategies   LRN  Stride (-0.87)









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