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Natural Citizens are conferred rights above Naturalized
Citizens.
My nieces may not hold office as President.

That is the way I understand it.

Teds Dad was naturalized, His Mom was a natural citizen and by way of law Ted is a natural citizen.

Cruz is a statutory natural-born citizen, meaning that his citizenship was granted at birth by federal statutue through the principle of jus sanguinis (via bloodline) as opposed to being granted at birth by the 14th Amendment to the U.S. Constitution through the principle of jus soli (via place of birth).

The Foreign Affairs manual states:

7 FAM 1131.6-2 Eligibility for Presidency
(TL:CON-68; 04-01-1998)
a. It has never been determined definitively by a court whether a person who acquired U.S. citizenship by birth abroad to U.S. citizens is a natural born citizen within the meaning of Article II of the Constitution and, therefore, eligible for the Presidency.
(...)
d. (snip) In any event, the fact that someone is a natural born citizen pursuant to a statute does not necessarily imply that he or she is such a citizen for Constitutional purposes.

In short, the courts have not yet ruled on whether or not a statutory natural-born citizen is eligible to the presidency.

I believe they would rule in favor of Cruz's eligibility, but as of right now, the State Department says that there isn't a definitive answer. So everyone on this thread who is claiming he's eligible or he's ineligible is full of horsesh*t. Nobody knows - not even the State Department. Unless and until the courts rule, it's all speculation.