Is CNQ Stock a Buy While it’s Below $45?


Source: fool.ca fool.ca

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CNQ is up more than 10% in recent weeks. Are more gains on the way? Canadian Natural Resources (TSX:CNQ) is up more than 10% in recent weeks. Investors who missed the bounce are wondering if CNQ stock is still undervalued and good to buy for a self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) focused on dividends and long-term total returns. CNQ share price CNRL trades near $44 per share at the time of writing. The stock hit a 12-month low of around $38 in early March and is still way off the 12-month high above $56....