Below is a note written by CEO Keith McCullough on why we're adding Canadian Natural Resources (CNQ) to the long side of Investing Ideas today:
Long Energy (XLE) works in Quad 3 inasmuch as Long Canadian Energy via our favorite larger cap name (Canadian Natural Resources, CNQ) should. CNQ is down -5% today on an Old Wall note so I'll take that as a buying opportunity. For those of you interested in learning more about Al Richards bullish long-term view of CNQ, he went bullish on it in our Best Ideas (Institutional Research) product back in December and here are the bullet points covered in his independent research presentation:
Buy on red, KM |