This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

4 Stocks the Pros Hate -- But You Should Love

Canadian Natural Resources

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Another commodity stock that pros hate right now is Canadian Natural Resources (CNQ - Get Report), an independent oil and gas company with proven reserves of 7.5 billion barrels of oil equivalent. Institutions sold off close to 10 million shares of CNQ in the last quarter, adding onto big year-to-date losses to decrease holdings in CNQ by $3.2 billion.

Like Newmont, CNQ's biggest catalyst for tumbling in 2012 has been the price of oil. Despite prolonged crude prices in the triple digits, oil prices have gotten shoved down into the low $80s, a drop that materially impacts profitability for oil companies like Canadian Natural Resources. Still, there's reason to be a fan of CNQ too right now -- the firm owns a significant number of low-cost oil producing properties, positioning that should help the firm keep a handle on profitability even under the pressure of slumping crude prices.

>>5 Energy Stocks T. Boone Pickens Loves Right Now

CNQ generates significant cash flows from its operations right now, and while it doesn't pay out a particularly exciting dividend (it yields just 1.5% at last count), that cash is nearly enough to fund capital spending on new drilling operations. The fact that CNQ doesn't need to pile on excessive amounts of debt from the capital markets for growth is a good sign.

Still, as with Newmont, I'd recommend waiting for a turnaround in crude prices (and sentiment for Canadian Natural Resources) before buying this stock - institutions still hate it, after all.
3 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
CNQ $28.23 -3.49%
MCD $128.40 0.16%
NEM $33.83 -1.49%
VZ $50.68 -1.25%
AAPL $95.18 1.64%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs