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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Chevron Corporation (CVX $164.70)
- $164.70 P/E (TTM): 22.8X Cap: $326.87B
- View CVX Profile
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Imperial Oil Limited (IMO $133.97)
- $133.97 P/E (TTM): 16.05X Cap: $63.74B
- View IMO Profile
- View Questions on IMO
Canadian Natural Resources Limited (CNQ $46.15)
- $46.15 P/E (TTM): 14.08X Cap: $93.34B
- View CNQ Profile
- View Questions on CNQ

Q: Hello
I have owned CNQ for awhile
it is volatile and not going anywhere as compared to SU

is it worth while to switch to IMO.to and CVX (US); for abit of dividend and capital growth, very disappointed by CNQ's performance
the pipeline, if being built, shovels will not be in the ground until 2029
thanks
Michael

Asked by Michael on January 13, 2026

5i Research Answer:

We might take a wider view here. CNQ is up 167% in the past five years. The TSX Energy index in the same time is up 105%. SU is ahead, but not by much (175%). The CNQ dividend is nice, and secure. We would not view it as a sell, but the sector is of course cyclical. We like the stock. That being said, considering recent events, adding a stock like CVX to the sector allocation can make sense and will improve overall diversification.

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