After-hours C$48.03 (+4.44%) Canadian Natural (CNQ.TO) TSX: deal talks to watch
CNQ.TO stock jumped in after-hours trading to C$48.03, up 4.44%, making Canadian Natural (CNQ.TO) one of the TSX’s most active names on 14 Jan 2026. The move follows reports that Canadian Natural is in talks to buy a natural gas portfolio from Tourmaline. Volume topped 18,765,657 shares, above the daily average, showing traders are positioning ahead of a potential deal and the next earnings update.
Price action and volume — CNQ.TO stock movers
Canadian Natural (CNQ.TO) closed the regular session at C$45.99 and moved to C$48.03 after hours. The stock printed a day low of C$46.20 and a day high of C$48.48. Traded volume was 18,765,657 versus an average of 17,112,637, confirming heavy activity and the “most active” tag on the TSX.
Deal talks and sector context shaping CNQ.TO stock
Reports say Canadian Natural is in talks to buy a >C$1.0 billion natural gas portfolio from Tourmaline, which traders priced in today. Reuters and industry outlets flagged the discussions and possible regulatory steps source. The Energy sector has shown recent strength, helping CNQ.TO outperform parts of the TSX on the day.
Fundamentals and valuation for CNQ.TO stock
Canadian Natural reports EPS of C$3.17 and a PE near 15.15, with market cap roughly C$100.05 billion. The stock yields 5.12% on an annual dividend of C$2.35, and the payout ratio is about 71.45%. Debt to equity sits near 0.43, while free cash flow yield is about 8.52%, keeping valuation in value-stock territory for energy peers.
Technical view and trading signals for CNQ.TO stock
Short-term technicals are neutral. RSI reads 47.66 and MACD histogram is slightly negative, suggesting momentum is mixed. Bollinger middle band sits at C$44.84, while ATR is C$1.29, showing moderate intraday volatility. Traders looking for a breakout will watch the C$49.20 52-week high as a near-term resistance pivot.
Meyka AI grade and CNQ.TO stock forecasts
Meyka AI rates CNQ.TO with a score out of 100: 77.13 | Grade: B+ | Suggestion: BUY. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a monthly price of C$45.14, a quarterly price of C$45.81, and a one-year level of C$40.59. Compared with C$48.03 today, the model implies a monthly downside of -6.01% and a one-year downside of -15.49%. Forecasts are model-based projections and not guarantees.
Risks and catalysts for CNQ.TO stock
Key catalysts include the Tourmaline asset deal, commodity price moves, and the upcoming earnings release on 2026-02-26. Primary risks are regulatory approval delays, a fall in oil or gas prices, and higher capex or debt from acquisitions. Dividend sustainability depends on cash flow after any transaction and capital spending changes.
Final Thoughts
CNQ.TO stock led TSX after-hours activity on 14 Jan 2026, trading at C$48.03 on heavy volume after reports of Tourmaline asset talks. Fundamentals remain solid with EPS C$3.17, PE 15.15, and a 5.12% yield, while free cash flow and interest coverage support the payout. Technicals are neutral and need a break above the C$49.20 52-week high to confirm momentum. Meyka AI’s model price of C$40.59 at one year implies downside from current levels, reflecting model caution on commodity and deal risks. Investors should weigh the potential near-term upside from a completed asset purchase against regulatory and price risks. Meyka AI, our AI-powered market analysis platform, flags CNQ.TO as active and worth monitoring for deal updates and the February earnings report.
FAQs
Why did CNQ.TO stock jump after hours today?
CNQ.TO stock rose after reports that Canadian Natural is in talks to buy a natural gas portfolio from Tourmaline. Traders increased positions on the potential deal and stronger sector momentum.
What are the key valuation metrics for CNQ.TO stock?
CNQ.TO shows EPS of C$3.17 and a PE of 15.15. Dividend yield is about 5.12% with a payout ratio near 71%. Debt to equity is roughly 0.43, supporting the dividend stance.
How does Meyka AI view CNQ.TO stock near term?
Meyka AI rates CNQ.TO B+ (77.13) and models a monthly price of C$45.14 and a one-year level of C$40.59. These are model projections, not guarantees, and factor in deal and commodity risks.
What catalysts should traders watch for CNQ.TO stock?
Watch Tourmaline deal updates, commodity price moves, and the earnings announcement on 2026-02-26. Any regulatory filing or approval could move the stock materially.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
